Disney nears deal to sell $10-bln valued India business to Reliance

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Disney has no park in India now.

BENGALURU, Oct 23 (Reuters) – Disney (DIS.N) is nearing a deal to sell its India operations, which it values at around $10 billion, to Reliance Industries (RELI.NS), its biggest rival in the country, rather than sell the business in parts, Bloomberg News reported on Monday.

Disney has been exploring options to sell or find a partner for its India assets, Reuters reported in July, and has held talks with billionaires Gautam Adani and Sun TV Network-owner (SUTV.NS) Kalanithi Maran as well as private equity firm Blackstone (BX.N), according to various media reports.

https://www.reuters.com/business/media-telecom/reliance-nears-deal-buy-disneys-india-business-bloomberg-news-2023-10-23/

 

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