Brief by Short91 Newsdesk / 11:39am on 23 Oct 2023,Monday Business
Reliance Industries Ltd., led by Mukesh Ambani, is on the verge of finalizing a multibillion-dollar deal with Walt Disney Co. to acquire its India operations, including Disney Star business valued at around $10 billion. After the deal, Reliance is expected to hold a controlling stake in the Disney Star business, while Disney will retain a minority stake. The acquisition highlights Ambani's growing influence in India's entertainment industry, following deals like streaming the Indian Premier League for $2.7 billion in 2022 and broadcasting Warner Bros Discovery Inc.’s HBO shows in India earlier this year.
