Disney India sale talks draw firms including Reliance Industries

Stake sale: A bird flies past a Reliance Industries logo in Ahmedabad. Disney has approached Reliance about potentially buying a stake in its its India streaming and television business, a person familiar with the matter says. — Reuters

NEW YORK: Walt Disney Co has held preliminary talks with potential buyers for its India streaming and television business including billionaire Mukesh Ambani’s Reliance Industries Ltd, according to people familiar with the matter.

The US entertainment giant has discussed a range of options with would-be suitors, from a deal for the entire Disney Star business to a piecemeal transaction that may include some combination of its assets including sports rights and regional streaming service Disney+ Hotstar, the people said.