Private equity firm Blackstone in talks with Disney over sale of Star India & Hotstar
The world’s largest private equity firm, Blackstone, has reportedly got into talks with Walt Disney Co about the potential sale of Star India’s linear business, as well as Disney+ Hotstar.
The meetings held in recent weeks puts Blackstone in the foray, along with other names that are vying for the Disney Star portfolio, which includes the entire Star India TV network, OTT and a 30% stake in Tata Play.
Economic Times reports that two former Disney executives, Kevin Mayer and Tom Staggs, have been brought back by chief executive Bob Iger to advise him navigate the company’s legacy television business. After leaving Disney, Mayer and Staggs have been running Candle, a media group that they founded with backing from Blackstone.
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