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Disney nears multibillion-dollar deal with Mukesh Ambani's Reliance: Report

IndiaTimes Monday, 23 October 2023
Reliance Industries, led by Mukesh Ambani, is reportedly close to a cash and stock deal to acquire Walt Disney's India operations. The deal is expected to involve the sale of a controlling stake in Disney Star, valued at around $10 billion. Reliance values the assets at $7 billion to $8 billion. The acquisition, which could be announced next month, may involve merging some of Reliance's media units into Disney Star. Disney is likely to retain a minority stake in the company. Disney's India streaming platform recently attracted a record 43 million viewers for a cricket match.
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