Stake sale. Blackstone holds talks with Disney for stake in India arm: Sources

Reuters Updated - October 11, 2023 at 10:06 AM.
Disney has been exploring a sale or a joint venture partner for its digital and TV business in India | Photo Credit: Dado Ruvic

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.

Published on October 11, 2023 04:26

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