Business Disney to sell 60% stake in India business to Viacom18 for $2.34bn Expected to close by the end of this month, the preliminary agreement values Disney’s India business at $3.9 billion, reports Wall Street Journal Shailesh Khanduri 01 Feb 2024 Follow Us New Update New Delhi: Disney has formed a preliminary agreement to sell 60% of its India business to Reliance-backed Viacom18. Advertisment The deal is expected to close this month, reported Wall Street Journal. Sources told the Wall Street Journal that the deal is valued at $3.9 billion. In December, Reliance Industries (RIL) and Walt Disney Co signed a non-binding term sheet in London. Disney Star Disney Star India The Walt Disney Disney to sell TV businesses Viacom18 Disney Star merger Reliance Disney Read More Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news Subscribe Now Advertisment Read the Next Article