Key Points
Walt Disney Co.s India unit is being valued at less than half of what it hoped for in a proposed merger with Indian billionaire Mukesh Ambanis media business, reflecting the struggle global media giants face in one of the worlds fastest-growing entertainment markets...
After weeks of negotiations following a non-binding pact with Ambanis Reliance Industries Ltd. to merge their entertainment business, Disneys India assets are valued at around $4.5 billion, less than the $10 billion the US entertainment giant has previously pursued, according to people familiar with matter, who asked not to be identified as the discussions are private...
The lower-than-expected figure is also due in part to a write-off of revenue originally due to Disney from its sale of cricket TV rights to embattled Zee Entertainment Enterprises Ltd., which is now expected to be unable to pay up...
The merger, should it go through, will deepen Ambanis push into the media and sports industries and further consolidate Indias $28 billion media and entertainment market..
The collapse of a proposed $10 billion merger between Sony Group Corp.s India unit and Zee Entertainment has also cleared a potential major competitor...
You might be interested in
Reliance has no comments if Disney India unit valuation halved to $4.5 billion
30, Jan, 24Reliance Industries cannot comment on reports of the proposed merger between Walt Disney Co.'s India unit and Mukesh Ambani's media business. Disney's India assets are valued at $4.5 billion, lower than the previously pursued $10 billion. The valuation dip is partly due to a revenue write-off from the sale of cricket TV rights to Zee Entertainment Enterprises.
Reliance and Disney announce $8.5 billion media assets merger in India
28, Feb, 24Reliance will infuse $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake. Disney will hold about 37%, the companies said in a joint statement.
Reliance, Disney sign binding agreement to form JV, to merge media operations in India
28, Feb, 24Reliance Industries Limited (“RIL”), Viacom 18 Media Private Limited (“Viacom18”) and The Walt Disney Company (NYSE:DIS) (“Disney”) today announced the signing of binding definitive agreements to form a joint venture (“JV”) that will combine the businesses of Viacom18 and Star India. As part of the transaction, the media undertaking of Viacom18 will be merged into Star India Private Limited (“SIPL”) through a court-approved scheme of arrangement.
Sony’s $10 billion India media deal ends in ugly breakup
19, Feb, 24A dramatic acquisition saga in one of the world’s fastest growing media industries is headed for a bitter ending.
Analysis-Technology and cricket big wins for billionaire Ambani in Disney tie-up
01, Mar, 24By Munsif Vengattil and M. Sriram BENGALURU (Reuters) - A Disney-Reliance assets merger in India will create a media giant far bigger than all its rivals, boosting billionaire Mukesh Ambani's
Reliance, Disney announce merger, Nita Ambani to head merged entity
28, Feb, 24Reliance-Disney media deal: Nita Ambani will be the chairperson of the merged entity, while Uday Shankar will serve as the vice chairperson.
Reliance Industries, Disney start antitrust diligence on media merger: Report
04, Jan, 24As per the report, Reliance has appointed law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has roped in AZB & Partners.
‘Unable to comment’: Reliance on signing bind pact for merger deal with Disney
27, Feb, 24The clarification comes after reports of a binding agreement between Reliance and Disney to merge their media operations in India.