Blackstone's India Move - In Talks For Disney's Stake
Portfolio Pulse from Anusuya Lahiri
Blackstone Inc (BX) is in preliminary talks with Walt Disney Co (DIS) to acquire a stake in Disney's Indian subsidiary. This comes as Disney is considering a sale or finding a joint venture partner for its digital and TV business in India. The talks were facilitated by Candle Media, a company backed by Blackstone and founded by former Disney executives. Disney has also been in discussions with Indian billionaires Gautam Adani and Kalanithi Maran, and various private equity funds.
October 11, 2023 | 12:10 pm
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NEUTRAL IMPACT
Disney's potential sale of a stake in its Indian subsidiary could help it streamline its operations and focus on its core business.
Disney's potential sale could help it streamline its operations and focus on its core business, which could have a neutral impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Blackstone's potential acquisition of a stake in Disney's Indian subsidiary could diversify its portfolio and increase its presence in the Indian market.
Blackstone's potential acquisition could diversify its portfolio and increase its presence in the Indian market, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80