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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.
Also read: Cricket World Cup expected to bring ₹3,500 crore in ad revenues to Disney Star
Blackstone and Disney declined to comment.
The Economic Times first reported the talks earlier on Wednesday.
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