Disney Said To Agree To Sell 30% Tata Play Stake To Tata Group; Disney Sale Is Said To Value Tata Play At About $1B
Portfolio Pulse from Benzinga Newsdesk
Disney has agreed to sell its 30% stake in Tata Play to Tata Group, valuing Tata Play at approximately $1 billion.
May 22, 2024 | 2:49 pm
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Disney has agreed to sell its 30% stake in Tata Play to Tata Group, valuing Tata Play at approximately $1 billion. This divestment could provide Disney with additional liquidity and allow it to focus on its core businesses.
The sale of Disney's stake in Tata Play is likely to provide the company with additional liquidity, which can be used to strengthen its core operations or reduce debt. This strategic move is expected to have a positive short-term impact on Disney's stock price.
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