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Wednesday, December 25, 2024 | 09:59 AM ISTEN Hindi

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Disney's India business sale may attract private equity firms, local rivals

In 2019, when Walt Disney acquired 21st Century Fox's entertainment business for $71.3 billion, the valuation of the India business was pegged at $14-15 billion

Disney Hotstar, world cup, asia cup
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Dev Chatterjee Mumbai

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Walt Disney Company, which operates several entertainment and sports channels in India, may sell part of its stake in its India business to private equity firms or local rivals looking to expand their footprint, according to investment bankers.

The Wall Street Journal reported on Tuesday that Walt Disney is looking for strategic options for

India, including a joint venture or a sale of its India business, in a sign of strain at the company. Bankers said Reliance Industries -- which owns TV18 Broadcast and JioCinema -- is likely to be one of the suitors for the company, considering it is

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