The Tata Group is reportedly on the verge of finalising a deal with Singaporean state investor, Temasek Holdings Pte, to buy back its stake in Tata Play.

What Happened: As per a Bloomberg report, the deal is centred around a 20% stake in Tata Play Ltd., the sale of which is being considered at a valuation of $1 billion. This agreement could fortify Tata’s control over the platform, previously known as Tata Sky. Tata Group might also weigh the option of acquiring the stake held by its private equity fund, Tata Opportunities Fund.

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However, the discussions are yet to reach a conclusion and there’s no guarantee that a deal will be sealed between Temasek and Tata Play. So far, neither Tata Group nor Temasek have made any official statement regarding the negotiation.

A joint venture of Tata Group and Walt Disney Co.’s Twenty-First Century Fox Inc., Tata Play boasts a pan-India presence with 23 million connections.

Why It Matters: Earlier in September, Tata Play had marked its collaboration with Apple TV+ in India, a first for the latter. Tata Play Binge, the streaming service of Tata Play, had added Apple TV+ to its content roster, thereby offering users a wider range of series and films.

This strategic move not only upgraded Tata Play Binge’s service but also paved the way for potential international content collaborations. The speculated buyback of Temasek’s stake by Tata Group could further strengthen Tata Play’s position in India’s competitive entertainment industry.

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