Billionaire Mukesh Ambani-promoted Reliance Industries has sought approval from fair trade regulator Competition Commission of India (CCI) for the USD 8.5-billion merger of Viacom18 and Star India Pvt Ltd (SIPL). “The proposed transaction aims to combine the entertainment businesses (along with certain other identified businesses) of Viacom18, part of Reliance Industries Ltd (RIL) group and …
The Walt Disney Company has said that it will acquire Comcast Corporation-owned NBC Universal’s (NBCU) 33% stake in streaming platform Hulu for $8.61 billion at a valuation of $27.5 billion. Disney hopes to complete the transaction by December 1. Walt Disney said the acquisition of Comcast’s stake in Hulu at fair market value will further …
Reliance Industries (RIL) and the Walt Disney Company may face a hurdle in striking a deal for the American firm’s India operations owing to the wide gulf in their respective valuations of the business, according to people with knowledge of the matter. While RIL values Disney Star at $3-4 billion, Walt Disney is reportedly eyeing …
New York CNN — Fans of sports and other Disney offerings are going to have to do without on one of the nation’s largest cable providers. Disney pulled its programming from Charter Spectrum on Thursday night, even as the Disney-owned ESPN networks were covering major live sporting events such as the US Open and college …
Disney is currently facing a crisis, with its share price dropping significantly from its peak in March 2021, despite record highs in US stock indices. Analysts are pointing to the company’s struggles in India as a major contributor to this decline. Bob Iger, who returned as Disney CEO eight months ago and will remain until …