The Walt Disney Company is nearing a deal that will see its Inida media business merge with billionaire Mukesh Ambanis Reliance. The new deal would see Ambani control a 51% 54% stake in the new conglomerate and value Disneys India operations at $3.5 billion. That valuation is far from the $15 $16 billion that the India unit was valued at when Disney acquired it in 2019. Despite being the...
