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Walt Disney completes UTV acquisition

Walt Disney has concluded the acquisition of UTV, the Indian media group


February 02, 2012  |  comments ( 0 )  | 
Walt Disney completes UTV acquisition

Walt Disney has concluded the acquisition of UTV, the Indian media group, for $454 million by buying the remaining shares. The deal was completed after a public tender offer for 20 per cent of the UTV shares owned by individual investors.With this acquisition, Disney plans to kickstart Walt Disney Company India, a new holding company that will manage UTV alongside its other assets in the country. It also plans to produce Disney and UTV-branded films in India. Disney already operates three TV channels in India with 200 employees. The acquisition will increase its workforce to more than 1,100.


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