The Strategist

Disney to sell its Indian business to Reliance

10/24/2023 - 10:18

According to Bloomberg, Mukesh Ambani's conglomerate Reliance Industries Ltd. is close to acquiring Walt Disney Co.'s Indian operations.

Steven Miller
Steven Miller
Sources claim that the US corporation, which values Disney Star at $10 billion, may sell a majority interest in its Indian affiliate.

Reliance estimates these assets' value at $7-8 billion.

The companies are negotiating a deal wherein Disney would keep a minority ownership in the Indian company and Reliance would pay cash and its own shares for the purchase. The agreement might be revealed as early as next month.

Additionally, sources point out that Disney has not made a final choice and may decide whether to sell the Indian company later on.