Mukesh Ambani’s Reliance Industries is reportedly in talks to acquire a 29.8% stake in Tata Play from Walt Disney, aiming to strengthen its position in India’s TV distribution sector. Tata Sons holds the majority stake in the satellite broadcaster, and if successful, it would mark the first collaboration between Tata and Ambani. The move also involves extending JioCinema’s reach on Tata Play. Disney initially planned to divest during Tata Play’s IPO but explored alternatives due to the delay. The deal, part of a broader strategy, aligns with Reliance’s goal of offering JioCinema content to Tata Play customers. The valuation is being evaluated, facing challenges from streaming competitors. Walt Disney has reportedly reached a preliminary agreement to sell a majority of its Indian TV, content, and OTT business to Reliance for $3.9 billion, pending legal due diligence. Disney will retain a 40% stake, with RIL acquiring 51%, and Bodhi Tree holding 9%. Disney’s India business valuation suffered from Zee Entertainment Enterprises withdrawing from a $1.4 billion cricket rights deal.