Mumbai: Reliance Industries Ltd., is all set to finalise a multibillion dollar deal with Walt Disney Co. to buy its India operations, according to media reports.
The RIL is expected to enjoy a controlling stake in the Disney Star business, which has an estimated valuation of $10 billion. The US entertainment giant will end up holding a minority stake in the business. Reliance views the assets at between $7 billion to $8 billion, as per close sources.
The giant acquisition is expected to be declared by the companies next month. Under the proposal, Disney is likely to continue holding on to a minority stake in the Indian company after the completion of cash and stock swap transaction. According to the news report, Disney could choose to hold onto assets for a bit longer.
