Bloomberg: Mukesh Ambani’s Reliance Industries nearing deal to buy Walt Disney’s India ops

Reliance Industries, controlled by Asia’s richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney Co.’s India operations, Bloomberg reported. The US entertainment giant might sell a controlling stake in the Disney Star business, which it values at around $10 billion, as opposed to piecemeal transactions weighed earlier, Bloomberg reported.

Lina Khan’s FTC to file major anti-trust lawsuit against Amazon

Lina Khan-run US Federal Trade Commission (FTC) is reportedly set to file a major antitrust lawsuit against Amazon, focused on the e-commerce giant’s core online marketplace and how it uses its power to favour merchants that use its logistics services. The FTC is preparing the lawsuit, accusing Amazon of “leveraging its power to reward online merchants that use its logistics services and punish those who don’t,” Bloomberg reported.