RIL calls off merger of Viacom18, Sony

Mumbai: Mukesh Ambani-owned Reliance Industries (RIL), which has a majority stake in Viacom18 though Network18, has called off the proposed merger of the entertainment businesses of Sony Pictures Networks India (SPN) and Viacom18, following a strategic rethink.Digital media and entertainment are now essential pillars of Reliance Jio’s business and it has consequently decided to retain a major