Disney eyes investment in Indonesia's largest media company - source

Disney eyes investment in Indonesia's largest media company - source
FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid -
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BRENDAN MCDERMID(Reuters)
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(Reuters) – 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 cancelled 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.

(Reporting by Cindy Silviana; Editing by Edmund Blair)

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