Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, is now going to create a stir in another sector. After long discussions to become the king in the entertainment sector, now a deal has been signed for the merger between his company Reliance Industries and Walt Disney (Reliance-Disney Merger).
Reliance will have 61% stake
According to a report, people familiar with the matter say that Mukesh Ambani’s Reliance Industries Limited (RIL) and Walt Disney Company have signed a binding agreement to merge their media operations in India. Under this, Reliance and its associates are expected to have at least 61 percent stake in the media unit formed after the merger, while the rest will remain with Walt Disney. Read More – Ekta Kapoor gave a big offer to Ankita Lokhande! After Bigg Boss, she can be seen in this serial…
Official announcement is pending
Let us tell you that till now no official announcement has been made by both the companies regarding this merger deal signing. If this merger between these two big companies is successful, then Reliance and Disney together will play the role of a big player in the Indian media industry. The report estimates that under this merger, Reliance will invest $ 1.5 billion for 61 percent stake.
signs were already visible
There were big indications regarding the deal from the beginning of this month. Earlier in a report it was said that Walt Disney has agreed to sell 60 percent of its Indian business to Viacom18. However, the stake split between the two partners is estimated and could change depending on how Disney’s other local properties are incorporated by the time the deal is finalized. It is expected that a big announcement regarding this deal can be made by both the companies this week. Read More – Poonam Pandey came alive ‘after death’, video surfaced…
Talks for stake in Tata also
Recently, while giving an update on Reliance and Disney deal, in a report of Business Today, it was also claimed that to increase the threat in the entertainment sector, Mukesh Ambani led Reliance is reportedly buying Tata Play from Walt Disney. Play) is also in talks for stake. If these talks are successful, then this will be the first time when Tata-Ambani will be together in a venture. It has been told that amidst this deal, Reliance Industries is reportedly in talks with Walt Disney Company for 29.8 percent stake in Tata Play.
