The Walt Disney Company has reached a pact to sell 60 percent of its India business to Viacom18, according to reports in the Wall Street Journal, which was quoted by CNBCTV18 today.
According to the report, the pact values the India business at $3.9 billion and the transaction is likely to close this month. In rupee terms, this comes up to ₹33,000 crore.
Media reports had earlier suggested that both Reliance Industries and Disney had signed a non-binding term sheet last month to merger their India operations.
Earlier reports had also pegged the deal value at $10 billion. The dip in valuation is partly attributed to a write-off of revenue from the sale of cricket TV rights by Disney to Zee, the CNBCTV18 report added.
MIFF premieres animated series on India’s women trailblazers
Network18 reaches 250mn TV viewers, crosses 65bn social video views: Akash Ambani
MIFF panel agrees youngsters driving documentary renaissance
At APOS, JioStar’s Chatterjee says India most demanding live sports market
JioStar’s Vaz says focus is on creating integrated consumer experiences across screens
MIFF 2026 wraps up, winners announced
Zakir Khan unveils ‘Papa Yaar’ teaser ahead of Netflix release
Amazon MX Player brings ‘India Did. And India Can.’ campaign
India Today Group launches ALL OUT ‘Saath Ladenge Dengue Se’ campaign
NDTV Profit launches ‘Crypto Minutes’ to simplify digital assets for viewers 


