Stripe, Advent Offer Over $53 Billion to Acquire PayPal in Major Fintech Deal 
xAI Sues Man for Allegedly Using Grok to Generate AI Child Abuse Deepfakes 
United Airlines Beats Q2 Earnings, Raises 2026 Profit Outlook Despite Higher Fuel Costs 
DeepSeek Eyes $74 Billion Valuation Ahead of Planned China IPO 
Sodexo Unveils Shift & Grow 2030 Strategy, Targets Over 5% Revenue Growth by Fiscal 2030 
Nationwide Data Center Protests Highlight Growing Backlash Against AI Expansion 
Sam Altman Admits OpenAI Missteps, Promises Major AI Comeback Focused on User Freedom 
Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks 
NTSB Leads Investigation Into Ryanair Boeing 737 Engine Failure Over Greece 
Hyundai Takes Full Control of Boston Dynamics to Accelerate Humanoid Robot and AI Strategy 
Trump Criticizes ABC, NBC and CNN for Limiting Coverage of Election Speech 
Mikron H1 2026 Sales Fall 5.9% as Automation Weakness Weighs on Profit 
Volvo Cars Q2 Profit Falls as Automaker Bets on EX60 EV to Drive Recovery 
Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
Seven & i Eyes Żabka Stake in Major European Expansion Push 
SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
According to sources familiar with the matter, Reliance Industries (RIL), owned by Mukesh Ambani, is reportedly discussing acquiring a 29.8% stake in Tata Play from the Walt Disney Company. Currently, Tata Sons, the holding company of the Tata group, holds a 50.2% stake in the satellite television broadcaster. Temasek, a Singapore-based fund, owns the remaining shares.
Reliance Industries and Tata Group May Partner in Joint Venture
Business Standard reported that if successful, this partnership would mark the first time the Tata group and the Ambanis have joined forces in a joint venture. Moreover, it would expand JioCinema's reach across the Tata Play platform.
Disney initially intended to divest its shares during Tata Play's initial public offering, but due to the postponement of the listing, the American company started exploring alternative exit strategies.
Disney, RIL, and Tata Sons declined to comment on the matter. Last year, Temasek was also in discussions with the Tata Group to sell its 20% stake in the company, valued at approximately $1 billion. However, no agreement was reached.
With the acquisition of the Tata Play stake, Reliance plans to offer its entire JioCinema content bouquet to Tata Play customers.
According to Daily Star, bankers are currently assessing the value of Disney's stake in Tata Play. The satellite television broadcaster faces significant challenges, primarily from competition from streaming platforms like Netflix, Hotstar, JioCinema, and Amazon Prime.
In the financial year ending March 31, 2023, Tata Play reported a loss of Rs 105 crore on revenue of Rs 4,499 crore, contrasting with the previous year when the company reported a profit of Rs 68.60 crore on revenue of Rs 4,741 crore.
Reliance and Tata Group to Forge Partnership
As per the memorandum of understanding (MoU) signed between the companies, Disney will retain a 40% stake in its India business, while RIL will acquire a 51% stake. Additionally, Bodhi Tree, a venture established by media scion James Murdoch and former Disney India chief Uday Shanker, will hold a 9% stake in the TV network and OTT business.
Photo: Tata Play Newsroom
