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It's time to clean up Telegram
TECH ON ME: Telegram’s founder lands in handcuffs, sparking a firestorm over brand safety—while Apple makes an aggressive push to dominate India’s digital landscape. That, and more in our weekly tech digest.
Reliance Industries gets go-ahead for $8.5 billion merger with Disney
Reliance and its affiliated entities will maintain control in the newly merged company, holding 63.16% of the stake, while Disney retains a 36.84% stake.
Disney merges media business with Reliance in $8.5 billion joint venture
The partnership will involve the integration of Viacom18's media operations into Star India through a court-approved scheme of arrangement.
Reliance Retail to acquire Future Group for $3.4 billion
Acquisition of Future Group, the owner of the Big Bazaar brand among others, is expected to give Reliance access to a third of India's organised retail market.
ByteDance reportedly in talks with Reliance Jio to salvage TikTok in India
India's biggest telco, which has raised US$20 billion in capital in recent months from firms including Facebook and Google, is reportedly eyeing an investment in embattled TikTok.
Facebook buys 9.9% stake in India's Reliance Jio for $5.7 billion
Deal will give tech behemoth a chance to do-over its India plans, four years after its bruising Free Basics flop.
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