The Walt Disney Company (NYSE:DIS)?s India unit is being valued at less than half of what it hoped for in a proposed merger with Indian billionaire Mukesh Ambani?s media business, reflecting the struggle global media giants face in one of the world?s fastest-growing entertainment markets. After weeks of negotiations following a non-binding pact with Ambani?s Reliance Industries Ltd. to merge their entertainment business, Disney?s India assets are valued at around $4.5 billion, less than the $10 billion the US entertainment giant has previously pursued, according to people familiar with matter, who asked not to be identified as the discussions are private.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
2,815 INR | +0.95% | -1.85% | +8.89% |
10/05 | Market Heavyweights Lifts Indian Equities to End Week Higher | MT |
09/05 | Reliance Industries Acquires Step-Down Subsidiary for INR3.1 Billion | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,815 INR | +0.95% | -1.85% | 228B | ||
105.8 USD | -0.01% | -6.92% | 193B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+8.89% | 228B | |
+8.59% | 104B | |
+24.45% | 102B | |
+21.03% | 63.26B | |
+9.36% | 61.73B | |
+20.10% | 51.05B | |
+26.44% | 37.43B | |
+22.41% | 26.2B | |
-12.89% | 20.63B | |
+10.33% | 19.45B |
- Stock Market
- Equities
- RELIANCE Stock
- News Reliance Industries Ltd
- Disney?s India Unit Valuation Reportedly Halves in Ambani Merger Talks