Disney to merge Indian operations with Reliance Industries to create a media & entertainment powerhouse
Acquiring Company
Bob Iger and Josh Kushner
Acquired Company
Reliance Retail Ventures
Los Angeles
MumbaiMedia And EntertainmentEnergyOil And GasE CommerceFashionRetailDescription
The Walt Disney Company has signed a non-binding term sheet with Reliance Industries to merge their Indian operations, with Reliance group owning 51% of the merged entity and Disney holding the remaining 49%. This strategic move is expected to create one of India’s biggest entertainment empires and is aimed at strengthening Disney's presence and improving its bottom line in the Indian market.
Quick answer
Bob Iger and Josh Kushner is acquiring Reliance Retail Ventures, announced March 29, 2024. Bob Iger and Josh Kushner is based in Los Angeles, California, United States.
- How much did Bob Iger and Josh Kushner pay for Reliance Retail Ventures?
- The deal value was not disclosed.
- What does Bob Iger and Josh Kushner do?
- Bob Iger is the former CEO of the Walt Disney Company known for his transformative leadership.
- Where are Bob Iger and Josh Kushner and Reliance Retail Ventures based?
- Bob Iger and Josh Kushner is based in Los Angeles, California, United States. Reliance Retail Ventures is based in Mumbai, Maharashtra, India.
Source: Fundz verified event record.
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Frequently asked
Who acquired Reliance Retail Ventures?
Reliance Retail Ventures was acquired by Bob Iger and Josh Kushner, based in Los Angeles. The deal was reported on March 29, 2024. Bob Iger is the former CEO of the Walt Disney Company known for his transformative leadership. Josh Kushner is a businessman and investor, recognized for his ventures in technology and healthcare. Bob Iger and Josh Kushner is privately held and operates in Media And Entertainment.
When did Bob Iger and Josh Kushner acquire Reliance Retail Ventures?
Bob Iger and Josh Kushner's acquisition of Reliance Retail Ventures was reported on March 29, 2024. The Walt Disney Company has signed a non-binding term sheet with Reliance Industries to merge their Indian operations, with Reliance group owning 51% of the merged entity and Disney holding the remaining 49%. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Reliance Retail Ventures do?
Reliance Retail Ventures is a subsidiary of Reliance Industries Limited. It operates the retail business for Reliance and aims to expand its retail footprint. The company focuses on various formats including grocery, electronics, and online retailing. It is privately held, operating in Energy, and is based in Mumbai.
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