Business

Disney to sell 60% stake in India business to Viacom18 for $2.34bn

Expected to close by the end of this month, the preliminary agreement values Disney’s India business at $3.9 billion, reports Wall Street Journal

Shailesh Khanduri

01 Feb 2024 10:02 IST

New Update

New Delhi: Disney has formed a preliminary agreement to sell 60% of its India business to Reliance-backed Viacom18.

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The deal is expected to close this month, reported Wall Street Journal.

Sources told the Wall Street Journal that the deal is valued at $3.9 billion.

In December, Reliance Industries (RIL) and Walt Disney Co signed a non-binding term sheet in London.

Disney Star Disney Star India The Walt Disney Disney to sell TV businesses Viacom18 Disney Star merger Reliance Disney

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