Following the deal, the RIL is projected to have a controlling stake in the Disney Star company, which is valued at around USD 10 billion
Mukesh Ambani’s Reliance Industries (RIL) is close to finalising a multibillion-dollar agreement with Walt Disney Co. to acquire its India assets, according to media reports.
Following the deal, the RIL is projected to have a controlling stake in the Disney Star company, which is valued at around USD 10 billion. The US entertainment conglomerate will wind up with a minority share in the company. Reliance is said to believe the assets are worth between USD 7 billion and USD 8 billion.
The firms are likely to announce the massive acquisition next month. According to reports, there is also the prospect of a merger if a few of Reliance’s media divisions merge with Disney Star as part of the purchase.
There is yet to be an agreement on the deal or the valuation of the stake transfer. According to the proposal, Disney will likely retain a minority ownership in the Indian company after the cash and stock swap transaction is completed.
Disney may decide to keep assets for a little longer, as per the reports.