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Disney near to selling Star India business to Reliance?

Disney is reportedly close to selling its Star India business to Reliance Industries.

Bloomberg reports that the deal would see Reliance taking a controlling stake in the Disney Star business. It is expected to be a cash and stock deal.

The report further adds that Disney will continue holding a minority stake in the business. Reliance views the assets at between $7 billion to $8 billion.

The report states that the deal announcement could be made as early as next month. No final decision has been made on the deal or the valuation.

Keep it with for more.