Tata Group in talks to acquire Walt Disney Co's stake in Tata Play: Media Report

Industry Watch | March 15, 2024 | News

Tata Group Walt Disney Tata Play

Tata Group is reportedly considering buying Walt Disney Co's stake in Tata Play which will give the group full control of the company.

According to a news report, the companies are in the midst of preliminary talks about the acquisition of Disney's significant minority stake in the company, which could take Tata Play's valuation to about $1 billion or more.

Back in February this year, there were reports that Disney was in talks with Reliance Industries to sell its 30% share in Tata Play.

On March 14, it was reported that RIL agreed to buy the 13% stake owned by Paramount Global in Viacom18 Media for Rs 4,286 crore, according to a news report citing RIL's regulatory filing.

According to the report, the two parties have reached a binding agreement to acquire 13.01% of the equity stake (on a fully diluted basis) of Viacom18 Media, which is currently with Paramount Global's two subsidiaries.

On 20 March 2019, The Walt Disney Company acquired 21st Century Fox, Tata Play's holding company, making them their new 30% stakeholder, replacing 21st Century Fox.

The companies are in the midst of preliminary talks about the acquisition of Disney's significant minority stake in the company, which could take Tata Play's valuation to about $1 billion or more.

Subscribe to Newsletter

   

0

Twitter Feed

Facebook Connect

Recent Headlines

Resources

View All

Artists

  • Sana Beszgar

    Singer/ Performer / Emcee / Host / Entertainers Connect

View All

Agencies

View All