Moneycontrol
HomeNewsBusinessCompaniesTata Group considering to buy Disney's stake in Tata Play
Trending Topics

Tata Group considering to buy Disney's stake in Tata Play

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.

March 14, 2024 / 18:08 IST
Story continues below Advertisement
Tata may decide not to pursue a deal, they said.

Tata Group is considering buying Walt Disney Co.’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.

Story continues below Advertisement

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.