Reliance Industries is reportedly close to acquiring Walt Disney's India operations in a cash and stock deal. Disney may sell a controlling stake in its Disney Star business, valued at around $10 billion, to Reliance. The deal could be announced as early as next month, with some of Reliance's media units merging into Disney Star. Disney is expected to retain a minority stake in the Indian company after the transaction. The talks reflect Reliance's growing influence in India's entertainment industry.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dH5AUIc
