Walt Disney is reportedly near a cash and stock deal to sell its operations in India to Mumbai-based multinational conglomerate Reliance Industries.
Disney’s India operations have suffered due in part to losing streaming rights to air cricket, a popular sport in India.
According to Bloomberg, as part of the deal, Disney may sell a controlling stake in its Disney Star business which it values at about $10 billion. Reliance values the unit between $7 billion and $8 billion.
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 is completed.
No final decision has been made yet on the deal or the valuation; Disney may keep its assets a while longer.
Last updated: December 26th, 2025
