Disney Said to Near Multibillion-Dollar Deal With Reliance

Reliance Industries, controlled by Asia’s richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney’s India operations, according to people familiar with the matter.

The US entertainment giant may sell a controlling stake in the Disney Star business, which it values at around $10 billion (nearly Rs. 83,100 crore), as opposed to piecemeal transactions weighed earlier, the people said, asking not to be named because the…