Walt Disney’s merger with Star India to cost 350 jobs

MUMBAI: The Walt Disney Company’s $71.3-billion acquisition of Rupert Murdoch-owned 21st Century Fox, which includes Star India, will axe 300-350 jobs in India, said two persons in the know.

The merger, which is awaiting some clearances in Mexico, is on track in India and the two sides have begun sharing data and knowledge, one of the persons said, adding that the management structure is also being worked upon.

“The announcement can come later this week or early next week. The sharing of information is on and books will be closed by March 31. Post-merger, close to 350 positions will become redundant and a restructuring will take place,” a source said.