DisneyandReliance Industrieshave completed the $8.5B deal to form a media and entertainment giant inIndia.
This brings together Reliances JioCinema business with Disneys Star India, which houses Disney+ Hotstar, under one roof.
The transaction is valued at 70,352 crore ($8.5B) on a post-money basis, excluding synergies.
Disney and Reliance Industries have completed their merger in IndiaDisney/Reliance Industries
Disney will have the remaining 36.84%.
Industry giant Reliance is planning to pump 11,500 crore into the JV.
It will own most of Indian cricket rights, along with football and other sports.
Disneys annual revenue was $88.9B for the 2023 financial year.
I am very excited about the JVs future and wish it all the success.
The new organisation is committed to deliver an unprecedented level of creativity, disruption and new age consumer experience.
