India Business News: Billionaire Mukesh Ambani's Reliance is close to merging its India media business with Walt Disney with a 51%-54% stake, a deal that values the US gia
Disney plans India unit sale at loss - WSJ (NYSE:DIS) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
The deal will strengthen Reliance s hold over India s $28 billion media and entertainment market, especially after a separate $10 billion merger deal between Japan s Sony and India s Zee Entertainment collapsed last week.