Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
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
