- Bloomberg
Disney Is Said to Sell Stake in Tata’s India TV Platform
(Bloomberg) -- Walt Disney Co. has struck a deal to sell its minority stake in a subscription television broadcaster to Tata Group, people familiar with the matter said, allowing the US media giant to focus on the merger of its Indian unit with billionaire Mukesh Ambani’s media arm.Most Read from BloombergNvidia Delivers on AI Hopes, Igniting $140 Billion Stock RallyThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashHarvard Defi
- Reuters
Warner Bros Discovery's TNT signs deal with ESPN for College Football Playoff
Walt Disney said on Wednesday TNT will present two-round games for two years and include two quarter-final through 2028 season. TNT will broadcast the sub-licensed College Football Playoff games among additional TNT Sports distribution platforms, Disney said.
- Reuters
Disney strikes deal to sell stake in India's Tata Play, Bloomberg News reports
Walt Disney has struck a deal to sell its stake in Tata Play, valuing Indian conglomerate Tata Group's satellite TV provider at about $1 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter. The stake sale news comes as the U.S.-based media giant looks to focus on its merger with India's top conglomerate, Reliance Industries, in a bid to create an $8.5 billion entertainment juggernaut far ahead of rivals in the world's most populous nation. Last month, Tata Sons, the holding company of India's Tata Group, increased its stake in Tata Play to 70% by buying a 10% stake from Singapore state investment firm Temasek for about $100 million, local media had reported.
