Disney Nears Multi-Billion Dollar Deal With Reliance For Its India Operations: Report

Walt Disney Company DIS is reportedly nearing a deal for its Indian operations with Reliance Industries Ltd.

Disney may sell a controlling stake in its Disney Star business, valued at ~$10 billion, rather than pursuing earlier piecemeal transactions. Reliance, on the other hand, values the assets at between $7 billion and $8 billion, reported Bloomberg.

The acquisition is anticipated to be officially announced as early as next month, with some of Reliance's media units merging into Disney Star, according to the report.

Also Read: Disney Reports ESPN Financials, Analysts Say The Results Are 'Intriguing,' Better Than Expected: What It Means For The Future

The deal would likely result in Disney retaining a minority stake in the Indian company even after the cash and stock swap is completed. However, no final decision has been made on the terms of the deal or its valuation, the report added.

Related: Blackstone's India Move - In Talks For Disney's Stake

Price Action: DIS shares are trading lower by 0.93% at $81.88 on the last check Monday.

Disclaimer: This content was partially produced with the help of AI tools and was Reviewed And Published By Benzinga Editors.