<p>Tata Group and Bharti Group are close to merging their satellite TV businesses, creating a nearly $1.6 billion entity with the aim of tiding over the sustained migration of subscribers to digital streaming, <em>Economic Times</em> reported on Tuesday.</p><p>The merged entity is expected to be run by Bharti Airtel , which will likely hold between 52%-55% with the remaining held by Tata Play shareholders, including Walt Disney, the report said, citing sources.</p><p>Bharti Airtel, Tata Play and Disney did not immediately respond to <em>Reuters</em> requests for comments.</p>.Nissan and Honda boards vote to end merger talks: Report.<p>Tata Play, a 70:30 venture between Tata Sons and Disney, and Airtel had a combined 35 million paid subscribers as of last September, more than half the 60 million subscribers industry-wide at the time, according to a government report.</p><p>The two businesses are being approximately valued between 60 billion ($690.76 million)-70 billion rupees ($805.89 million) each, with their revenue exceeding 70 billion rupees in fiscal 2024, ET reported.</p><p>The deal is the second major one in the sector since Dish TV merged with Videocon d2h in 2016 and follows the $8.5 billion-merger of Reliance Industries streaming media assets with Disney's Indian media assets last year.</p><p>Bharti Airtel shares were last up 1.7% on the day.</p>
<p>Tata Group and Bharti Group are close to merging their satellite TV businesses, creating a nearly $1.6 billion entity with the aim of tiding over the sustained migration of subscribers to digital streaming, <em>Economic Times</em> reported on Tuesday.</p><p>The merged entity is expected to be run by Bharti Airtel , which will likely hold between 52%-55% with the remaining held by Tata Play shareholders, including Walt Disney, the report said, citing sources.</p><p>Bharti Airtel, Tata Play and Disney did not immediately respond to <em>Reuters</em> requests for comments.</p>.Nissan and Honda boards vote to end merger talks: Report.<p>Tata Play, a 70:30 venture between Tata Sons and Disney, and Airtel had a combined 35 million paid subscribers as of last September, more than half the 60 million subscribers industry-wide at the time, according to a government report.</p><p>The two businesses are being approximately valued between 60 billion ($690.76 million)-70 billion rupees ($805.89 million) each, with their revenue exceeding 70 billion rupees in fiscal 2024, ET reported.</p><p>The deal is the second major one in the sector since Dish TV merged with Videocon d2h in 2016 and follows the $8.5 billion-merger of Reliance Industries streaming media assets with Disney's Indian media assets last year.</p><p>Bharti Airtel shares were last up 1.7% on the day.</p>