Disney in talks with Adani, Maran over sale of India assets: Report
The company previously also engaged Reliance Industries, exploring an outright sale, and a joint venture among other options
Walt Disney Co. is said to be in talks with Gautam Adani and Sun TV's Kalanithi Maran for the sale of its Indian streaming and television business, said a news report citing sources.
The report also says that the US media giant is also considering the interest of private equity funds since it's exploring the partial sale of its India operations or in a combination of the unit's assets including sports rights and streaming service Disney+ Hotstar.
Previously, it was reported that the company was considering Reliance Industries as a potential buyer for the assets. Disney reportedly approached Reliance about buying a stake in the business. The talks have not culminated in any deal and Disney could hold on to the assets for longer, said the report.
Disney has been mulling options, including a complete sale to even considering a joint venture after its Indian streaming service lost its rights to the IPL tournament to Viacom18 Media.
