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RIL in early talks to buy Disney India ops

Hindustan Times

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October 24, 2023

Reliance Industries Ltd (RIL), controlled by Asia's richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney Co.'s India operations, according to people familiar with the matter.

RIL in early talks to buy Disney India ops

The US entertainment giant may sell a controlling stake in the Disney Star business, which it values at around $10 billion, as opposed to piecemeal transactions weighed earlier, the people said, asking not to be named because the discussions are private. Reliance views the assets at between $7 billion to $8 billion, some of the people said.

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