Disney: Blackstone holds initial talks with Disney for stake in India arm
MUMBAI -Private equity firm Blackstone has held preliminary discussions with Walt Disney to acquire a stake in the Indian arm of the entertainment firm, two sources familiar with the matter told Reuters on Wednesday. Blackstone is the latest suitor for Disney's assets in the hyper competitive Indian market, where it has been exploring a sale or a joint venture partner for the digital and TV business. Blackstone and Disney declined to comment. Blackstone-backed US media firm Candle Media, founded by former Disney executives, led conversations between the two parties last week, one of the sources said. Indian newspaper The Economic Times first reported the talks earlier on Wednesday. Disney has also held talks with Indian billionaires Gautam Adani and Sun TV Network owner Kalanithi Maran, ...