Disney to form India joint venture valued at US$8.5 billion

Bob Iger says the joint venture will offer opportunities to create long-term value for Disney. (Image: Getty)

Fri, 01 Mar 2024

By Will FeuerDisney said it has struck a deal to form a joint venture, valued at US$8.5 billion (NZ$13.9b), that will combine its Star India business with Viacom18, an Indian media company.The Wall Street Journal reported in January on the plans to merge the two businesses.Once the deal closes, Disney will own nearly 37% of the JV, while Viacom18 will own almost 47%. Indian conglomerate Reliance Industries has agreed to invest US$1.4b into the JV and will own more than 16%.Disney said it might also contribute additional media assets to the...

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