38.6c New Delhi, India, Thursday, February 29, 2024

Reliance Industries Set to Acquire Walt Disney's India Operations in Multibillion Dollar Deal

By LAWSTREET NEWS NETWORK      Oct 25, 2023      0 Comments
Reliance Industries Set to Acquire Walt Disneys India Operations in Multibillion Dollar Deal

Mukesh Ambani's Reliance Industries is all set to finalise a multi-billion dollar deal with Walt Disney Co. to buy its India operations, Bloomberg News reported on Monday.

According to the reports, Disney may sell a controlling stake in the Disney Star business, which it values at around $10 billion, rather than piecemeal transactions, Bloomberg reported, citing sources familiar with the matter.

However, no final decision has been made on the deal or the valuation and Disney could still decide to hold onto the assets, Bloomberg reported.

The deal could be announced as early as next month and Disney will likely hold on to a minority stake in the Indian business, the report said.

It is said that Reliance's streaming platform JioCinema has put increased pressure on Disney's India streaming operations, with Ambani marketing his streaming platform by offering free access to the Indian Premier League cricket tournament, digital rights of which were earlier with Disney.

Share this article:


Explore Comprehensive Legal Reporting with LawStreet Journal: Your Go-To Source for Supreme Court an...Readmore


Leave a feedback about this
Related Posts
View All


Trending Crime, Police And Law
Akhilesh Yadav summoned by CBI as witness in illegal mining case
24 hrs ago


Trending Judiciary
SC dismisses PIL against new criminal laws
2 days ago


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email