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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 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. ....
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 bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.