Tata Sky IPO Soon? Walt Disney Mulls Ways To Sell Its 30 Per Cent Stake In The DTH OperatorA Tata Sky satellite dish in India. (pic via Twitter)

Entertainment giant Walt Disney is looking to exit DTH operator Tata Sky and is considering avenues like an Initial Public Offering (IPO) and a stake sale to strategic investors, Economic Times has reported.

The report claims that Walt Disney is currently exploring its options and if things go according to plan, the IPO will be launched by mid to late of next year.

The Tata Group on the other hand is reportedly locked in discussions to bring in a strategic investor or increase its stake in the DTH major.

Disney had acquired a 29.8 per cent stake in Tata Sky in 2019 as part of the assets it acquired from 21st Century Fox.

Disney which is facing increasing competition from Netflix, is now seeking to focus on its Disney+ offering and via Tata Sky's sale wants to send a strong message that is more focused on its core business.

Tags: 

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement