𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• Reliance Industries Ltd., controlled by Asia's richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney Co.'s India operations.
• The acquisition could be announced as early as next month, with some of Reliance's media units merged into Disney Star.
• Disney may continue to hold a minority stake in the Indian company after the transaction is completed.