Disney’s $8.5bn deal to merge India business with Reliance Industries
Disney will trim financial exposure in its loss making venture in one of the world’s most populated countries on the Indian subcontinent by striking a $8.5bn deal to merge its India business with Reliance Industries. Billionaire Mukesh Ambani’s Reliance, the Indian conglomerate will invest $1.4bn and take a 63 per cent stake in the new company while Disney will hold 37 per cent. The new entity is valued at $8.5bn. Disney acquired Star India in 2019 as part of its blockbuster $71bn acquisition of Fox from Rupert Murdoch, which they viewed as one of the most promising business in Murdoch’s … Continue reading Disney’s $8.5bn deal to merge India business with Reliance Industries
