wordpress blog stats
Connect with us

Hi, what are you looking for?

, ,

Times Group calls reports of acquiring Reliance’s media assets false, Reliance also issues a denial

Times Group called reports of it acquiring Reliance Industries media assets’ “false rumours” and said that it was “not engaged in the claimed discussions”. However, the media group, in a non-denial denial of sorts further said that in order to build a sustainable media platform in India, it will “explore all strategic options as they present”. It did not refer to Reliance Industries by name in its statement.

On November 28, Bloomberg had reported that Reliance was in talks to sell its news media assets to the Times Group, and that the latter was looking to hire advisers for due diligence on Reliance’s Network18. However, at the time, the report had specified that talks between the two companies are at an early stage and may not result in a deal, and more suitors to acquire Reliance’s media assets might emerge.

Reliance called the Bloomberg report “baseless and false” without giving any details, as reported by Hindu BusinessLine. We have reached out to Reliance for further clarification.

Meanwhile, another Bloomberg report from November 21 said that Sony is also in talks with Reliance to acquire Network18, but again pointed out that the deal might not go through since talks are at an early stage. Network 18 runs a range of news properties including News18, CNBCTV18.com, MoneyControl and Firstpost, and operates entertainment TV channels such as Colors, MTV India, VH1 and Comedy Central India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....


By Anand Venkatanarayanan                         There has been enough commentary about the Indian IT...


By Rahul Rai and Shruti Aji Murali The Indian antitrust regulator, the Competition Commission of India (CCI) has a little more than a decade...


By Stella Joseph, Prakhil Mishra, and Surabhi Prabhudesai The recent difference of opinions between the Government and Twitter brings to fore the increasing scrutiny...


This article is being posted here courtesy of The Wire, where it was originally published on June 17.  By Saksham Singh The St Petersburg paradox,...

You May Also Like


In 2019, Amazon acquired a 49 percent stake in a promoter company called Future Coupons, and India’s competition regulator had approved the deal. The...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ