Moneycontrol PRO
HomeNewsBusinessBlackstone holds initial talks with Disney for stake in India arm

Blackstone holds initial talks with Disney for stake in India arm

Blackstone is the latest suitor for Disney's assets in the hyper competitive Indian market, where it has been exploring a sale or a joint venture partner for the digital and TV business.

October 11, 2023 / 09:42 IST
Blackstone holds initial talks with Disney for stake in India arm

Private equity company Blackstone has held preliminary discussions with Walt Disney to acquire a stake in the Indian arm of the entertainment firm, two sources familiar with the matter told Reuters on Wednesday.

Blackstone is the latest suitor for Disney's assets in the hyper competitive Indian market, where it has been exploring a sale or a joint venture partner for the digital and TV business.

Blackstone and Disney declined to comment.

Indian newspaper The Economic Times first reported the talks earlier on Wednesday.

Reuters
first published: Oct 11, 2023 09:36 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347