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.
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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