Disney’s India unit valuation halves in Ambani merger talks

Walt Disney Co.'s India unit faces challenges in its proposed merger with Mukesh Ambani's media business, reflecting the struggle global media giants face in India's entertainment market. The valuation of Disney's India assets is around $4.5 billion, less than the $10 billion previously pursued. The lower figure is also due to a write-off of revenue from Zee Entertainment Enterprises Ltd.
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