Reliance-backed Viacom18 agrees to buy 60% of Disney s India unit, report says – FocusTechnica focustechnica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustechnica.com Daily Mail and Mail on Sunday newspapers.
The latest agreement between Disney India, Viacom18 and Bodhi Tree will likely see Disney retain 40% of the merged business, with the other 60% split between the other two entities, according to a Wall Street Journal report. Bodhi Tree is reportedly eyeing up a 7-9% stake.
Bodhi Tree, which is a joint venture between James Murdoch and a former Disney executive, Uday Shankar, is also in talks to take a stake of around 9% in the merged entity, the sources added.