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The Walt Disney Company and Reliance Industries Limited are reportedly in talks for a merger to see them work together in media operations in India. The companies are said to be ironing out the terms and details of the potential partnership.
According to Reuters, in the latest development of the talks, Disney and Reliance are already in the last phase of negotiations. With the steady progress of the discussions, the companies may finalize their media merger deal as early as next week.
Historic Partnership in the Media Business
Disney Company and Reliance Industries are very close to signing a deal, and once this finally happens, business experts opine that it will be a historic media merger deal. Based on the reports, the companies are polishing the details of a non-binding term sheet to merge their media operations in the country.
The information shared was said to have been divulged by company executives involved in the deal. This is a massive partnership as Reliance is still the most valuable firm in India, while Walt Disney is a major firm and brand known worldwide.
Terms of the Agreement
Outlook India reported that due diligence and valuation will immediately follow once the agreement is signed next week. The outcome of these processes will influence the amount that Reliance may decide to invest in the merged business.
It was predicted that Mukesh Ambani-owned Reliance Industries would likely pay for a 51% stake in cash while Disney would own the remaining 49%. The total value of the merger has yet to be determined and announced. Finally, the Disney Company and Reliance Industries may formally publicize the agreement next month.
Photo by: Joseph Stalin/Unsplash
