Paramount & Reliance agree $517m deal for Viacom18 stake
Paramount Global has sold its 13% stake in Indian media venture Viacom18 to Mukesh Ambani’s Reliance Industries for $517m. Reliance already holds the majority stake in the business, which counts the JioCinema streaming service and producer-distributor Viacom18 Studios among its assets. Confirmation of the sale comes a week after news first broke that Paramount was […]