Disney knocked on the door of Mukesh Ambani's house.!?

Sowmiya Sriram
Disney knocked on the door of mukesh Ambani's house.!?
Walt Disney, the world's largest entertainment company, was in talks with several leading companies to sell its business in india due to the severe trade crisis. Finally, it has been reported that it will be sold to reliance Industries. Walt Disney, the world's largest entertainment company, was in talks with several leading companies to sell its business in india due to the severe trade crisis. Finally, it has been reported that it will be sold to reliance Industries.
For this, mukesh Ambani's reliance Industries and Walt Disney are negotiating the final outcome of the merger, while reliance Industries is also planning to combine its media and entertainment businesses. If the merger goes through, reliance Industries will get a dominant stake in the Walt Disney india business. For this, talks are underway to create a separate branch company under reliance Viacom 18 and complete this merger through share exchange and additional funds transfer to acquire enough shares for reliance to dominate.
 Reliance will hold 51 percent stake and Disney will hold 49 percent stake in the merged entity. Further post-merger investment is planned to be in the range of $1-1.5 billion. But no official announcement has come from either side. The combination of reliance Viacom 18 and Walt Disney will have around 115 tv channels (77 channels under Star india, 38 under Channel 18), and two streaming channels like Disney + Hotstar and jio Cinema, with over 2 lakh hours of content. In FY2023, Star india had a revenue of Rs 19,857 crore, Viacom 18 had a revenue of Rs 4,554 crore and Novy wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital (Disney + Hotstar) had a revenue of Rs 4,341 crore. Ads by Viacom 18 After reliance, Bodhi Tree holds a 15.97 percent stake in the company and the consortium will take a seat in the management of the company.
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