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Reliance Industries acquires Disney stake for JioStar

PRIVATEApr 28, 2026

Acquiring Company

Reliance Retail Ventures Ltd

Acquired Company

Bob Iger and Josh Kushner

MumbaiBurbankEnergyOil And GasE CommerceFashionRetailMedia And Entertainment

Description

Reliance Industries Limited has merged with The Walt Disney Company to form a new joint venture named JioStar, valued at ₹70,352 crore. Reliance holds a controlling stake, while Disney owns the remaining shares. This merger aims to enhance the streaming platform JioHotstar, which has already shown significant revenue growth.

Company Information

Company

Reliance Retail Ventures Ltd

Location

Mumbai, Maharashtra, India

About

Reliance Retail Ventures Ltd is a subsidiary of Reliance Industries and is involved in the retail sector, operating various retail formats and e-commerce initiatives. The company is focused on providing a diverse product assortment to its customers across India. Its strategies include leveraging technology to enhance retail experiences and expanding its market presence.

Fundz sees it the moment Reliance Retail Ventures Ltd makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired Bob Iger and Josh Kushner?

Bob Iger and Josh Kushner was acquired by Reliance Retail Ventures Ltd, based in Mumbai. The deal was reported on April 28, 2026. Reliance Retail Ventures Ltd is a subsidiary of Reliance Industries and is involved in the retail sector, operating various retail formats and e-commerce initiatives. Reliance Retail Ventures Ltd is privately held and operates in Energy.

When did Reliance Retail Ventures Ltd acquire Bob Iger and Josh Kushner?

Reliance Retail Ventures Ltd's acquisition of Bob Iger and Josh Kushner was reported on April 28, 2026. Reliance Industries Limited has merged with The Walt Disney Company to form a new joint venture named JioStar, valued at ₹70,352 crore. Reliance holds a controlling stake, while Disney owns the remaining shares. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Bob Iger and Josh Kushner do?

Bob Iger is the former CEO of the Walt Disney Company known for his transformative leadership. Josh Kushner is a businessman and investor, recognized for his ventures in technology and healthcare. It is privately held, operating in Media And Entertainment, and is based in Burbank.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.