The Walt Disney Company (NYSE:DIS) and Reliance Industries Limited (NSEI:RELIANCE), led by Asia?s richest tycoon Mukesh Ambani, are expected to sign a non-binding pact as early as December 18, 2023 to merge their media operations in India in a cash-and-stock deal, according to people familiar with the matter. Ambani?s retail-to-refining conglomerate will infuse money to hold at least 51% of the merged entity if the deal goes through, the people said, asking not to be named as the information is not public.
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
3,152 INR | -1.31% |
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-0.50% | +21.96% |
Jul. 15 | Japan, S. Korea refiners join China in buying Canadian TMX oil | RE |
Jul. 12 | India's Reliance, Bollywood fuel Ambani wedding hype through social media | RE |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
| ||
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3,152 INR | -1.31% | -0.50% | 255B | ||
97.31 USD | -1.18% | +0.35% | 180B | ||
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+21.96% | 255B | |
-2.89% | 93.68B | |
+5.71% | 59.26B | |
+11.59% | 59.08B | |
+15.42% | 48.67B | |
+27.95% | 37.81B | |
+31.49% | 28.14B | |
-19.58% | 18.67B | |
-0.04% | 17.86B | |
+40.22% | 16.4B |
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- Reliance, Disney Reportedly to Sign Off on India Media Merger Next Week