Disney is in process of selling its India operations to Reliance Industries for around $10 billion (€9.43bn).

Disney has been exploring options to sell or find a partner and has held talks with several candidates, reports Bloomberg. But Disney now seems set on selling a controlling stake in the business to Reliance, the conglomerate whose streaming platform’s success has weighed on Disney’s performance in the subcontinent.

The enterprise value of the India business, Disney’s biggest last year globally by users, was seen at around $15 billion to $16 billion when Disney took over Fox’s business.

Other posts by :

1. FCC boss praises AST SpaceMobile
2. Rakuten makes historic satellite video call
3. Rocket Lab confirms D2C ambitions
4. Turkey establishes satellite production ecosystem
5. Italy joins Germany in IRIS2 alternate thoughts
6. Kazakhstan to create museum at Yuri Gagarin launch site
7. AST SpaceMobile gets $42 or $1500 price target
8. Analyst: GEO bloodbath taking place
9. SES AGM results: Appaloosa still objecting

Categories: Articles, Business, M&A

Tags: Disney, Fox, india, Reliance Entertainment Studio