Reliance-backed Viacom18 agrees to buy 60% of Disney’s India unit, report says


Reliance-backed Viacom18 has reached an agreement to buy 60% of Disney’s India unit, WSJ reported Thursday, creating a pathway for the Indian conglomerate to form a $10 billion media giant in the South Asian market.

The deal, which WSJ says will close this month, values Disney’s India unit at $3.9 billion, the report said, less than half of what Disney had originally hoped.



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By asm3a