Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the world’s most populous nation. Reliance, which will control the joint venture, directly owns 16.34% of the merged entity, which it has valued at $8.5 billion. Disney will own a 36.84% stake in the merged entity, …
NEW DELHI: The Walt Disney Co. announced Wednesday a joint venture with India’s biggest conglomerate, Reliance Industries, in an $8.5 billion deal that will create a media powerhouse in the world’s most populous nation and end Disney’s decadeslong solo effort to gain a foothold in the market. Reliance Industries, which is owned by Mukesh Ambani, …
Reliance continues to be in talks with Disney India to merge the American entertainment giant’s local businesses with Viacom18, with the Ambani-led company likely pick up atleast a 50% stake in the merged entity. The latest agreement between Disney India, Viacom18 and Bodhi Tree will likely see Disney retain 40% of the merged business, with …
Bob Iger said Wednesday that Disney “would like to stay” in India and is considering its options in the world’s most populous country where its TV business continues to pull profit but the crown jewel streamer Hotstar is struggling to contain the subscriber loss. Hotstar lost 2.8 million subscribers in the quarter ending September, widening …
Blackstone, the world’s largest private equity firm, has initiated discussions with the Walt Disney Co to evaluate buying the media giant’s India streaming and television business, said people aware of the matter. The senior India leadership of both companies have held multiple meetings in recent weeks. Blackstone is exploring either buying the business partially — …
Walt Disney Co. is holding preliminary discussions with potential buyers for its India streaming and television business including billionaires Gautam Adani and Kalanithi Maran, according to people familiar with the matter. The US entertainment giant’s senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options, …