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'Unable to...": Here's what Reliance said on reports of merger with Disney's India unit

The merger could deepen Ambani’s push into the media and sports industries and further consolidate India’s $28 billion media and entertainment market.

Reliance has no say if Disney India unit valuation halved to $4.5 billion

Reliance Industries cannot comment on reports of the proposed merger between Walt Disney Co. s India unit and Mukesh Ambani s media business. Disney s India assets are valued at $4.5 billion, lower than the previously pursued $10 billion. The valuation dip is partly due to a revenue write-off from the sale of cricket TV rights to Zee Entertainment Enterprises.

Disney Reliance deal: Disney's India unit valuation halves in Ambani merger talks

Walt Disney Co. s India unit faces challenges in its proposed merger with Mukesh Ambani s media business, reflecting the struggle global media giants face in India s entertainment market. The valuation of Disney s India assets is around $4.5 billion, less than the $10 billion previously pursued. The lower figure is also due to a write-off of revenue from Zee Entertainment Enterprises Ltd.

Disney's India Unit Valuation Halves in Ambani Merger Talks

Edtech Unicorn upGrad Buys Test-Prep Provider Exampur Marking 5th Deal Of 2022

In its 5th acquisition this year, upGrad said that the Exampur deal, which is a 100% merger agreement, fits well into its learning initiative