Reliance About To Spend Rs 30,000 Crore Acquiring 50% Stake In Disney+Hotstar, Just Before Merger!

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10 months ago

Billionaire Mukesh Ambani-owned Reliance Industries is reportedly acquiring 51-54% controlling stake in Disney’s India operations, for around $3.5 billion in enterprise valuation amid their tentative merger agreement. This marks a sharp drop from Disney India’s peak estimated valuation of $15 billion earlier fueled by ambitious localization plans. The deal consolidation currently underway intends forming India’s […]

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