Disney said to be in talks with RIL over future of its India business

The Walt Disney Co is believed to have held talks with Reliance Industries (RIL), which also owns a majority stake in Viacom18, at a time when the American media conglomerate is looking at various strategic options for its India business, people aware of the development told ET.

Two topmost leaders in both companies have had a direct discussion recently, said the sources. Bloomberg reported on Monday that Disney has held preliminary talks with potential buyers for its India business, including RIL. Earlier, the Wall Street Journal reported that the American media conglomerate is considering strategic options for its India business. Star India declined comment.