Reliance tightens grip on Viacom18 after buying out Paramount stake

(Gareth Copley/Getty Images)
(Gareth Copley/Getty Images)
Indian conglomerate Reliance Industries, chaired and run by business mogul Mukesh Ambani, will buy out Paramount Global’s 13-per-cent stake in media group Viacom18 for $517m (€472m).

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