According to a news report, private equity firm Blackstone is in talks with Walt Disney over the potential acquisition of the latter's TV and stream business in India. The discussion reportedly entailed Disney India's sports properties, media rights, and the Disney+ Hotstar streaming service. The talks are reportedly in their early stages with no guarantee of a deal.

The news report also said that the senior leadership on both sides met multiple times to explore the partial sale of its India operations or the whole portfolio including linear TV franchise, OTT and a 30% stake in Tata Play.

Top Disney executives Tom Staggs and Kevin Mayer have played a key role in setting up a discussion between the company and Blackstone. The news report also added that it isn't clear whether Blackstone would look at a bigger global transaction or just the Indian assets.

Previously it was reported that Disney held talks with Reliance Industries, Adani Group and the Sun Network for the sale of the properties. Disney has been mulling options, including a complete sale to even considering a joint venture after its Indian streaming service lost its rights to the IPL tournament to Viacom18 Media.