merge

“Groundbreaking Partnership: Reliance and Disney Join Forces in India Media, Creating $8.5 Billion Joint Venture”

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Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the South Asian market. Reliance will control and own 16.34% of the joint venture, which it has valued at $8.5 billion. Reliance, which is India’s most valuable firm, said it sees an opportunity to expand and streamline its presence in the Indian fast-growing market by merging its media assets with Disney India. Reliance, which owns more than 60% in Viacom18, plans to invest $1.4 billion into the joint venture for its growth strategy. The “strategic” merger of Reliance and Disney India also unites two leading Indian streamers, JioCinema and Disney+Hotstar.

“Boosting “Renew Home”: SIP provides $100M to unite Google Nest and OhmConnect”

Smart Home
OhmConnect is currently active in California, Texas, and New York, and the new company, Renew Home, plans to expand into new markets once launched, the spokesperson added. Sidewalk Infrastructure Partners itself was once a part of Sidewalk Labs. Sidewalk Labs got its start originally as a Google moonshot in 2015 with the lofty goal of using tech to improve urban life. SIP was eventually spun out of Sidewalk Labs in 2020 fuelled with a $400 million investment from Google. Nest Renew has been one of OhmConnect’s customers, alongside Sensi, ecobee, Carrier and others.