On December 13th, sources informed that India's Reliance Industries and Walt Disney are discussing a plan to hold the next phase of talks in London, UK next week regarding the merger of their Indian media businesses.
Reliance Industries and Walt Disney are planning to establish a joint venture, with the media department of Reliance Industries holding a majority stake in the company. However, further details regarding business structure and valuation remain to be discussed. It is reported that the planned meeting aims to reach an agreement on a rough roadmap for the future, rather than signing an agreement. (Reuters)