Disney India assets on Adani, Maran buy list
Business Standard|October 07, 2023
A potential acquisition could complement Sun TV, while for the Adani Group, it could help expand its newly acquired NDTV

Walt Disney Co is holding preliminary discussions with potential buyers for its India streaming and television business including billionaires Gautam Adani and Kalanithi Maran, according to sources.

The US entertainment giant's senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options, which could involve selling part of the Indian operations or a combination of the unit's assets including sports rights and regional streaming service Disney+ Hotstar, the people said, on the condition of anonymity.

Asset-sale talks have already been held with Reliance Industries Bloomberg News reported earlier.

Disney has been weighing strategic options for its business in India including an outright sale or setting up a joint venture, Bloomberg News reported in July after the unit lost its streaming rights to the Indian Premier League cricket tournament to Viacom18 Media.

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