Tata Group regains full ownership of Tata Play from Disney

The Tata Group has acquired Walt Disney's minority stake in Tata Play (formerly Tata Sky), a satellite TV provider in India. This deal gives Tata Group complete control of the platform, valuing it at roughly $1 billion according to Bloomberg News sources.

Last month, Tata Sons (the holding company of Tata Group) increased its ownership in Tata Play to 70% by purchasing a 10% stake from Temasek, a Singaporean investment firm. This latest acquisition from Disney brings Tata Group's ownership to 100%.

Tata Play offers both traditional pay television through set-top boxes and modern over-the-top (OTT) video streaming through its app. Disney obtained its stake in the company through its 2017 acquisition of Star India, which was part of a larger deal involving 21st Century Fox's Indian assets.

This move by Disney coincides with their focus on a significant merger in India. They signed a binding agreement in February to combine their Indian unit with Viacom18, owned by Reliance Industries, with the goal of creating an $8.5 billion entertainment giant serving over 750 million viewers.