Tata Group to buy Disney’s stake in Tata Play at $1 billion valuation: Report

Walt Disney Co struck a deal to sell its minority stake in Tata Play to Tata Group, Bloomberg reported citing people in the know. The sale will allow the US media giant to focus on the merger of its Indian unit with Mukesh Ambani’s media arm. The report added that the transaction valued Tata Play Ltd. at about $1 billion.