Reliance, Disney willing to sell few channels for merger approval, Reuters say

Reliance (RELI) and Walt Disney (DIS) have offered to sell some channels to win faster antitrust approval for their $8.5B merger but are resisting changes to its broadcasting rights to cricket, Aditya Kalra of Reuters reports, citing two sources familiar with the matter. After the Competition Commission of India privately asked the companies around 100 questions related to the merger, they told the watchdog they are willing to sell fewer than 10 TV channels to mitigate concerns of market power and win early approval, the sources added.