Reliance to Buy Disney Hotstar: A Major Coup for Indian Conglomerate
Reliance Industries Limited, India's largest conglomerate, is reportedly set to acquire a stake in Walt Disney Co.'s India business in a cash and stock deal. People aware of the development told the publication that Reliance values the company's assets at around $7 Bn-$8 Bn.
The deal would include Disney+ Hotstar, India's largest streaming service, as well as Star Sports, a popular sports broadcaster. Reliance already owns JioCinema, a smaller streaming service, and the deal would give it a significant boost in the Indian streaming market.
The deal is still in the early stages of negotiation, and it is not clear when it will be finalized. However, if it goes through, it would be one of the largest media deals in Indian history.
Why is Reliance buying Disney+ Hotstar?
There are severa...