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Stock impact report

India's Tata Sons raises stake in Tata Play, Temasek exits, Economic Times reports [Reuters]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: Reuters
70% by buying a 10% stake from Singapore state investment firm Temasek for about $100 million, the Economic Times reported on Tuesday. Tata Play has informed the Ministry of Information and Broadcasting about the change in shareholding, complying with regulations governing direct-to-home (DTH) companies, according to the report, which cited people familiar with the matter. With Temasek's exit, Tata Play will operate as a 70:30 joint venture between Tata and Walt Disney , the latter inheriting its stake from the acquisition of Star India via the purchase of 21st Century Fox's India assets. Despite a decrease in valuation from its pre-pandemic target of $3 billion to $1 billion, Tata Play, which also offers video streaming, remains crucial for the for Tata Group as its main consumer-facing business in the media and entertainment sector. Report this ad Talks between Tata Sons and Disney about the latter's stake are underway, with Disney looking to exit Tata Play since DTH is no Show less Read more
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