Mukesh Ambani bought the Disney company for a low price..!? How?

How many people know that Disney, the huge dominator of the indian media industry, has slashed its value by a fifth to merge with Reliance? The reliance Viacom18 and Disney india alliance is now valued at $8.5 billion. Not only this alliance is projected to dominate the indian media and streaming industry. Viacom18 and Disney india have signed an agreement to ally, while Disney is selling one-fifth of its stake to mukesh Ambani.
The joint venture will be India's largest media company and will own 120 television channels, two streaming platforms, and television and wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital rights to major cricket matches in India. Well, why was Disney india devalued..? To understand this, we need to know a little flashback story. In 2019, Disney acquired 21st Century Fox from American media tycoon Rupert Murdoch. At that time, all the indian operations of 21st Century Fox were under Star India. It is worth noting that Star india is valued at around $15 billion in this transaction. After this transaction, Disney Properties, which was the indian arm of the Disney Company, was merged with Star india Properties to become Disney Star. Star india alone is valued at $15 billion, with Disney assets also included. Cut to the present, after months of negotiations, Viacom 18 and Disney india have signed an agreement to form a joint venture. The merger values the company at $8.5 billion. You may be shocked here, but there is something more important. reliance will hold a 16.34% stake in the joint venture and its subsidiary Viacom18 will hold a 46.82% stake. Disney owns the remaining 36.84% stake. This 36.84% stake is worth just $3 billion. That is, the property, which was valued at $15 billion when Disney bought Star india, has been sold for one-fifth of the price in just five years. Why did Disney actually contract to this rating? Although the official reason is not known, Disney has decided to pull out of india while facing huge losses in its global business. Faced with various challenges globally, Disney decided to exit the indian market to focus on the US and other key markets, handing over the management and responsibilities to mukesh ambani for a lesser fee.

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