Disney to Sell 30% Stake in Tata Play to Tata Group, Valuing Company at $1 Billion
Walt Disney Co. has struck a deal to sell its 30% minority stake in Tata Play Ltd. to Tata Group, valuing the company at approximately $1 billion. This move allows Disney to focus on merging its Indian unit with Mukesh Ambani’s Viacom 18 Media Pvt, forming an $8.5 billion entertainment giant. Tata Group’s Full Control …