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Walt Disney: Richest Asian Tycoon to Acquire India Operations

Reliance Industries Ltd., led by the richest tycoon in Asia, Mukesh Ambani, is reportedly close to sealing a deal with Walt Disney Co. to acquire Disney’s operations in India.

Walt Disney New Headquarters in New York. Photo: Shutterstock
Walt Disney New Headquarters in New York. Photo: Shutterstock

Sources familiar with the matter suggest that Disney may sell a controlling stake in its Disney Star business, valued at approximately $10 billion.

However, Reliance values the assets in question at a slightly lower range of $7 billion to $8 billion.

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