Disney plans $8.5bn merger for ailing India unit

Disney has announced plans for an $8.5 billion merger to help revitalize its struggling India unit. The entertainment giant is looking to merge its Indian operations with a local media conglomerate in an effort to boost its presence in one of the world’s fastest-growing markets.

The merger comes at a time when Disney’s India unit has been facing challenges, including a sharp decline in revenue and subscriber numbers. The company hopes that the merger will help it gain a stronger foothold in the Indian market and expand its offerings to a wider audience.

Disney’s CEO, Bob Chapek, expressed optimism about the merger, stating that it will allow the company to leverage the strengths of both companies to create a more dynamic and innovative business model. He also emphasized the importance of the Indian market to Disney’s overall growth strategy.

Overall, the merger is seen as a strategic move for Disney to capitalize on the growing demand for entertainment in India and position itself for long-term success in the region.