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Disney eyes investment in Indonesia’s largest media company: source

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Disney is in talks to invest in a media subsidiary of Indonesian group Media Nusantara Citra (MNC), an MNC executive told Reuters.

“If the two companies can agree, Disney would invest $200 million (157 million pounds) for 10 years,” the executive said, asking not to be named due to the confidentiality of the talks.

He said a previous deal had been canceled with Vivendi, that would have seen the French conglomerate spend more than $500 million in acquiring stakes in two affiliates of MNC’s PT Global Mediacom, Indonesia’s largest media company.

Sourcereuters

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