As the chief executive officer of Star India from 2007 to 2020, Uday Shankar took the company from ₹1,600 crore in revenues to ₹18,000 crore. In 2018, when Walt Disney Company bought Star's parent Fox's entertainment assets, the India business was valued at $13-15 billion.
Shankar, 61, is part of a group of investors that now gets Star India at a valuation that analysts peg at a third of that. Shankar would be vice-chairperson of the entertainment giant that would emerge from the coming together of Reliance Industries and Walt Disney, announced on Wednesday.
"The most striking thing at this juncture is the price," says Daoud Jackson, senior analyst, media and entertainment, at UKbased Omdia. "If you had asked two years ago the price of Disney's India operations, it might have been around four times. This is a rapid turnaround to being worth less than $5 billion dollars." The press release announcing the deal pegs the post-money value of the merged entity at $8.5 billion. However, it is not clear what portion of it is for Star India.
Diese Geschichte stammt aus der February 29, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der February 29, 2024-Ausgabe von Business Standard.
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