Disney to sell stake in Tata Play to Tatas: report 

Walt Disney Co. has struck a deal to sell its minority stake in satellite TV service network Tata Play to Tata group, Bloomberg reported. 

The deal values Tata Play Ltd. at about $1 billion, the Bloomberg report said, citing people aware of the developments. No financial details were mentioned.

Last month, Tata Sons acquired a 10% stake from Singapore sovereign wealth fund Temasek for about $100 million, increasing its stake in the company to 70%, The Economic Times reported. With the acquisition of Walt Disney’s 29.8% stake, Tata group will have full control over the company. 

Tata Play was launched in 2008 as a DTH operator offering satellite TV services to Indian customers. It was rebranded as Tata Play in 2022 and now offers subscription based services such as streaming and pay-per-view, besides DTH services. 

Walt Disney received the stake in Tata Play after its acquisition of 21st Century Fox in 2019.

The US media giant will focus on the merger of its Indian unit with Reliance’s media arm, the report said. Walt Disney has signed a binding agreement to merge its media operations in India with Reliance Industries Ltd.

Earlier, Business Standard had reported that Mukesh Ambani-owned Reliance Industries was in talks to buy Disney’s share in Tata Play.