Disney offloading part of its Indian footprint valued at $8 billion?

Edited: October 24, 2023, 10:20 AM

Deadline (10/24/23): "Bloomberg News reported that a deal to sell a majority stake to rival Reliance Industries was nearing completion. Citing unnamed sources close to the agreement, it reported Reliance values the assets it would acquire at between $7B-$8B, meaning Disney India is worth around $10B in total. This follows months of rumors Disney would get rid of its Indian operation as its U.S. flagship operation reconfigures its global operation and attempts to bring down costs. News it could be sold or turned into a joint venture first emerged in July. Disney has also held talks with Indian billionaires Gautam Adani and Kalanithi Maran, who owns Indian network Sun TV, along with private equity firm Blackstone, according to various reports in recent weeks, but it appears Reliance to set to win the race. Disney’s Indian operation includes subscription streamer Disney+ Hotstar, which has shows such as The Night Manager India and Aarya, and an extensive networks biz. A deal could be announced as soon as next month, though it’s possible Disney could decide to stick and not twist."

Replies (3)

October 24, 2023, 10:41 AM

Gotta pay for that NBCU Hulu buyout one way or another....

October 24, 2023, 1:07 PM

... and the next generation of themed entertainment and cruise line experiences, yes.

October 25, 2023, 5:06 AM

@R.Niles - Since you seem fixated on the Hulu debacle, it strikes me that if Mr. Iger if the India thing lands and is followed by another deal (maybe related to ABC) ... Well, that would mean the Hulu invoice would be covered without adding to Disney's debt-load.

"Kinda brilliant" -- Brad Pitt ('The Big Short')

This discussion has been archived and is no longer accepting responses.

Park tickets

Weekly newsletter

New attraction reviews

News archive