Mukesh Ambani preparing for big deal with Disney Star, Reliance may buy the company’s Indian business

Disney has been in discussions for a long time to sell its India business. Now according to Bloomberg report, news has come that the company has come close to making a cash and stock deal with Mukesh Ambani, the richest person in Asia and India, for Walt Disney’s India operations. In this deal, the controlling stake of Disney Star can go to Reliance Industries for about $ 10 billion.

Bloomberg News reported on Monday that Disney is close to a deal to sell its India operations to Mukesh Ambani-controlled conglomerate Reliance Industries, whose streaming platform’s success has hit the US company’s business. Bloomberg, citing sources familiar with the matter, reported that Disney, instead of a piecemeal transaction, could sell a controlling stake in the Disney Star business, which is valued at about $10 billion.

However, the value of Reliance’s assets is between $7 billion and $8 billion, the report said. The report said the deal could be announced as early as next month and Disney is likely to have a minority stake in the Indian business. Bloomberg reported that no final decision has been made on the deal or valuation and that Disney could still decide to take over the property. Disney and Reliance did not immediately respond to Reuters requests for comment.