American mass media company Walt Disney Co. The multi-billion dollar deal with Mukesh Ambani's Reliance Group may be finalized soon. According to Bloomberg report, streaming platform Disney will sell its television and streaming business assets in India to Reliance in this deal.
According to Bloomberg report, apart from Ambani last month, talks were also going on with Disney's Gautam Adani, Sun TV owner Kalanidhi Maran and some private equity firms for this multi-billion dollar entertainment deal. However, now this deal is going to go to Mukesh Ambani. With this deal, Mukesh Ambani's company will emerge as a top leader in the entertainment industry.
People associated with this matter told Bloomberg that after this deal, Reliance will get controlling stakes in Disney Star business, whose estimated valuation is $ 10 billion i.e. Rs 83,163 crore. After completion of the deal, Disney will again have minority stakes in this business.
According to sources, Reliance believes that these assets are worth between $7 billion and $8 billion. Both companies are expected to announce the acquisition next month. According to this deal, there is also a possibility of merger of some media units of Reliance with Disney Star.
Till now no consensus has been reached on the valuation of the deal and transfer of stakes. Under the proposal, Disney is likely to continue to hold minority stakes in the Indian company after the completion of the cash and stock swap transaction.
According to media reports, Disney may choose to hold on to some assets for some more time. However, no statement has come out yet from both the companies regarding this deal.