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
Story continues below Advertisement
Blackstone holds initial talks with Disney for stake in India arm
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.

Story continues below Advertisement

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!