It could be the mother of all deals in the media and entertainment sector in India. And it involves none other than global media and entertainment giant Walt Disney.A year after Disney bought a 14.85% stake in UTV,it is reported that Disney is on the prowl again.
As for names, sources said that it could possibly be UTV because Walt Disney already has 14.85% stake in UTV which they bought last year for Rs 65 crore and that they maybe interested in hiking that stake. If they do want to hike the stake, they would have to buy it from the promoters and the promoters, led by Ronnie Screwvala, have 30% stake in UTV. Out of this 17% is locked in which means that technically they can sell 13% in UTV to Walt Disney.
Read more in The Moneycontrol article.
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