BENGALURU (Reuters) - India's competition regulator has approved the $8.5 billion merger of Reliance Industries and Disney's ( DIS ) Indian media assets, subject to certain voluntary modifications, it said in a post on social media platform X on Wednesday.

The Competition Commission of India did not disclose the concessions made.

Disney ( DIS ) and Reliance had offered some concessions to secure an the approval for their merger, Reuters reported last week, citing sources.

Reliance-Disney ( DIS ) aims to create India's biggest entertainment player to compete with Sony, Netflix and Amazon with 120 TV channels and two streaming services.