Reliance nearing multibillion-dollar deal to acquire Disney’s India ops

Reliance Industries Ltd., controlled by Asia’s richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney Co.’s India operations, according to people familiar with the matter.

The US entertainment giant may sell a controlling stake in the Disney Star business, which it values at around Rs 83,100 crore ($10 billion), as opposed to piecemeal transactions weighed earlier, the people said, asking not to be named because the discussions are private. Reliance views the assets at between Rs 58,100 crore to Rs 66,400 crore ($7 billion to $8 billion), some of the people said.