Just a few days ago, we updated that the popular online streaming platform Disney Plus Hotstar owners are in talks with multiple brands in India. It was said that various brands including Reliance along with Adani and Sun TV Network are in talks. Now we got a new piece of information that says that Reliance could purchase Disney Plus Hotstar for multi billion dollar deal. So let’s get into the article to check out the new information.
According to the latest information, Disney is planning to close a deal with Mukesh Ambani’s Reliance Group by selling a major controlling stake. It is also said that both parties are said to be in negotiations to decide the valuation of the deal.
It is reported that the company will close the deal for a multi billion deal with Reliance Industries to sell its Indian assets. The deal will include a major part of Disney Plus Hotstar along with TV channels such as Star Sports and Star Gold.
If the information is collected then Reliance will become the strongest player in the streaming and broadcasting sector in the country. We already know that Reliance is shaping up its JioCinema and the addition of Disney Plus Hotstar will definitely take the company to the leading position. Moreover, we know that cricket is the biggest Sporting event in India and Reliance will be the only player to stream the game in the country.
Let’s wait for the official confirmation about the same and we recommend you to stick with us for more updates from the world of technology.
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