Reuters reported on Wednesday that private equity company, Blackstone (NYSE:BX) could be interested in acquiring a stake in the Walt Disney Co.’s (NYSE:DIS) digital and television business in India. Last week, Bloomberg reported that the entertainment giant was in discussions with business tycoons Gautam Adani and Kalanithi Maran for the sale of its Indian entertainment business.
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Disney is exploring a joint venture or a sale of its digital and television business in India. The company is facing subscriber losses when it comes to its streaming business in India, as it has lost streaming rights for some key cricket tournaments including the Indian Premier League.
Is Disney Stock a Buy or a Hold?
Overall, analysts are cautiously optimistic about Disney with a Moderate Buy consensus rating based on 17 Buys, five Holds, and two Sells. The analysts have an average Disney price target of $106.50, implying an upside potential of 25.3% at current levels.
