Tata Group Eyeing To Buy Disney's Tata Play Stake: Report

Industry reports reveal Tata Group's plan to buy Walt Disney Co's stake in Tata Play, allowing it to enjoy full control of the entity. 

It is learned that both companies are in the preliminary stage of discussions about the acquisition of Disney's significant minority stake in the company, which could take Tata Play's valuation to about $1 billion or more.

Citing people privy to the matter, the report also said that Tata may decide not to pursue a deal. 

Back in February this year, there were reports that Disney was in talks with Reliance Industries to sell its 30 per cent share in Tata Play.

According to a news report quoting RIL's regulatory filing, on March 14, it was reported that RIL has agreed to pay Rs 4,286 crore to purchase Paramount Global's 13 per cent interest in Viacom18 Media.

The two parties have reportedly come to a legally binding agreement to buy 13.01 per cent of the equity investment (on a fully diluted basis) in Viacom18 Media, which is currently held by the two subsidiaries of Paramount Global.

When Tata Play (formerly known as Tata Sky) was founded in 2005, it was a joint venture between Tata Group and News Corporation.

On 20 March 2019, The Walt Disney Company acquired 21st Century Fox, Tata Play's holding company, making them their new 30 per cent stakeholder, replacing 21st Century Fox.