Reliance to acquire over 50% stake in Disney India
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Reliance Industries and Disney India are working out their merger plans, with Reliance potentially acquiring a 51%-54% stake, valuing Disney's local operations at $3.5 billion. Additionally, Bodhi Tree, a joint venture between James Murdoch and Uday Shankar, may acquire around 9% in the merged entity. Reuters reported that the companies aim to finalize a binding agreement in February.