Reliance Industries nears deal to buy Disney's India operations: Report
Tuesday, 24 October 2023 Reliance Industries is reportedly close to acquiring Walt Disney's India operations in a cash and stock deal. Disney may sell a controlling stake in its Disney Star business, valued at around $10 billion, to Reliance. The deal could be announced as early as next month, with some of Reliance's media units merging into Disney Star. Disney is expected to retain a minority stake in the Indian company after the transaction. The talks reflect Reliance's growing influence in India's entertainment industry.
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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... IndiaTimes Also reported by •BGR India
Tuesday, 24 October 2023
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