Disney sells 29.8% stake in Tata Play to Tata Group for $1 billion, granting full control.
Disney is set to sell its minority stake in Tata Play, India's subscription TV broadcaster, to Tata Group. The deal values Tata Play at approximately $1 billion, granting Tata Group full control of the TV platform after acquiring Disney's 29.8% stake. This follows Disney's signing of a binding agreement in February to merge its India unit with Viacom 18 Media Pvt, forming an $8.5 billion entertainment giant.
May 22, 2024
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