Disney plans $8.5bn merger for ailing India unit

Disney announced plans to merge its ailing India unit in a deal worth $8.5 billion. The move comes as the company looks to bolster its presence in the rapidly growing Indian market.

The merger will bring together Disney’s content library with the resources of the Indian unit, creating a powerhouse in the entertainment industry. This strategic move is seen as a way for Disney to compete with other major players in the Indian market.

The deal is expected to be finalized in the coming months, pending regulatory approval. Disney is optimistic about the potential for growth in India and sees this merger as a key step in expanding its reach in the country.