MUMBAI: Reliance Big Entertainment, the media and entertainment arm of the Anil Dhirubhai Ambani Group (ADAG), has acquired a majority stake in US-based Willow TV, the world's largest portal for live internet streaming of major cricketing action. No other financial details were disclosed.

Speaking to TOI, Rajesh Sawhney, president, Reliance Big, said the company will spend up to Rs 300 crore over the two years on this portal. This amount includes the money that ADAG will pay for acquisition and also the future spending for the portal to foray into related areas.

Reliance Entertainment plans to extend Willow TV's reach beyond the net to mobile and TV.