Reliance Industries in talks to acquire Tata Play stake from Disney

Reliance Industries is in talks to acquire a 29.8% stake in Tata Play from Walt Disney. The deal marks the first collaboration between Tata and Reliance, allowing JioCinema content integration. Both companies declined immediate comments. Earlier reports hinted at Reliance merging its media business with Disney. Bodhi Tree, a venture by James Murdoch and Uday Shankar, is also set to acquire a 9% stake.

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