Acquisitions

Walt Disney’s merger with Star India to cost 350 jobs

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The Walt Disney decision to acquire will cost approximately 350 Jobs in India. The acquisition value being $71.3 billion includes Star India.

Compromising of Star World, Star Movies and Kids’ channel Walt Disney tries to increase its presence in India.

Walt Disney's merger with Star India will cost 350 jobs in India. Walt Disney tries to elevate its position in the Indian entertainment sector.Disney has also earlier quoted a $52.4 billion as an all-stock deal on December 22, 2017. The deal to buy 21st Century Fox assets jumped to $71.3 billion in cash in response to its rival Comcast.

With the belief to attain top seat in Indian entertainment sector Walt Disney tries its owns rights of the biggest media partners. Disney will now own assets across all boundaries like broadcast, digital, film, and entertainment. Also, presence in sports will be with 30% of Tata Sky and a fourth of equity in Endemol Shine India.

Thus, together the merged Company will host 80 channels.

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The management of Walt Disney will be headed by  Sanjay Gupta. He will report to Uday Shankar, Chairman of Star and Disney India and president of The Walt Disney Co Asia Pacific.

Sujeet Vaidya will look after the finance department.

The announcement is however expected by this week or in the brim of the upcoming week. The management roles have been into discussion position earlier.

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