October 10, 2023
1 min read

Disney In Talks to Sell India Assets

Asset-sale talks have already been held with Reliance Industries Ltd., controlled by Asia’s richest person, Mukesh Ambani…reports Asian Lite News

The Walt Disney Co. is holding preliminary discussions with potential buyers for its India streaming and television business, including with billionaires Gautam Adani and Kalanithi Maran, Bloomberg reported.

The US entertainment giant’s senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options, which could involve selling part of the Indian operations or a combination of the unit’s assets including sports rights and regional streaming service Disney+ Hotstar, Bloomberg reported.

Asset-sale talks have already been held with Reliance Industries Ltd., controlled by Asia’s richest person, Mukesh Ambani, Bloomberg News had reported earlier on.

Disney has been weighing strategic options for its business in India, including an outright sale or setting up a joint venture, Bloomberg News had reported in July after the unit lost its streaming rights for the Indian Premier League (IPL) to Viacom18 Media Pvt.

Viacom is a joint venture between Reliance, Paramount Global and Uday Shankar’s investment firm Bodhi Tree Systems.

A potential acquisition could complement Maran’s broadcasting company, Sun TV Network Ltd., while for the Adani Group, it could help expand its newly-acquired New Delhi Television Ltd. (NDTV), sources said.

They added that deliberations are still at a very preliminary stage and any deal may also not happen, the report said.

ALSO READ: India likely to see 70-75% growth in 5G smartphone shipments

Previous Story

India Faces Inflation Risks Amid West Asia War

Next Story

India’s White-Collar Hiring Drops 8.6%

Latest from Business

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s
Go toTop

Don't Miss

Harris, Gardner, Graham power Australia to 4-1 series win over India

The 26-year-old Graham, who was playing just her third T20I,

India needs to build robust capabilities, says IAF Chief

China has significantly strengthened infrastructure in the Tibet region but