Disney, Reliance finalising terms of India media business merger

Disney, Reliance finalising terms of India media business merger

Labourers rest in front of an advertisement for Reliance Industries at a construction site in Mumbai, India, March 2, 2016. REUTERS/Shailesh Andrade/File Photo

Reliance Industries, India’s most valuable company, and Walt Disney Co are finalising details of a non-binding term sheet to merge their Indian media operations, The Economic Times reported on Tuesday citing executives involved in the deal.