Mukesh Ambani's Another Bet in the OTT World After JIO, Disney May Buy India's Business Reliance

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Disney Nears Multibillion Dollar Deal With Reliance: Mukesh Ambani, one of the richest people in India and Asia, can make a big deal in a short time. His company Reliance Industries may buy Walt Disney's business in India. A recent report has come up with such a claim. There are reports that the leading US entertainment company Disney may sell the controlling stake in the Star business. According to the American company, its business value is about 10 billion dollars, while according to Reliance it is seven to eight billion dollars. According to sources, the deal could be announced next month. Under the deal, some of Reliance's media units may merge into Disney Star.

The final confirmation about this deal has not yet been made

However, the report also says that no final decision on the deal or valuation has been made yet and Disney may still decide to hold on to a controlling stake. Reliance's streaming platform JioCinema has increased pressure on Disney's India streaming operations, with Ambani marketing his streaming platform by offering free access to the Indian Premier League cricket tournament, the digital rights of which were previously held by Disney.

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