Disney Nears Multi-Billion Dollar Deal With Reliance For Its India Operations: Report
Portfolio Pulse from Akanksha Bakshi
Walt Disney Company (NYSE:DIS) is reportedly close to selling a controlling stake in its Disney Star business in India to Reliance Industries Ltd. The deal, which could be announced as early as next month, is valued at around $7-10 billion. The acquisition would likely result in Disney retaining a minority stake in the Indian company.
October 23, 2023 | 2:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Disney is nearing a deal to sell a controlling stake in its Indian operations to Reliance Industries. This could impact the company's stock price.
The news of Disney nearing a deal to sell a controlling stake in its Indian operations to Reliance Industries could have a neutral impact on the company's stock price in the short term. The deal is valued at $7-10 billion, which is a significant amount. However, the final impact will depend on the terms of the deal and its valuation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100