Tata Sons Private Limited (Tata Group) is considering buying The Walt Disney Company (NYSE:DIS)?s stake in Tata Play Ltd. to give it full control of the subscription television broadcaster, people familiar with the matter said, continuing a shakeup in India?s media industry. The companies are in preliminary talks about an acquisition of Disney?s significant minority stake, which would value Tata Play at about $1 billion or more, the people said, asking not to be identified as the considerations are private. Tata may decide not to pursue a deal, they said.

Representatives for Tata and Disney declined to comment. The buyback discussions with Disney come after the American company signed a binding agreement in late February to merge its India unit with billionaire Mukesh Ambani?s media arm Viacom 18 Media Pvt., creating an $8.5 billion entertainment giant that will have 750 million viewers and dominate the sector in the world?s most-populous country.