secwatch.observer — SEC 8-K summary
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Issuer:     Walt Disney Co (DIS)
CIK:        0001744489
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001193125-24-049404
Event type: m_and_a
Sentiment:  negative
Materiality: 0.90
Item codes: 2.06, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Disney to form JV with Reliance/Viacom18 in India; records $1.8-2.4B impairment
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- JV combines Viacom18 and Star India; valued at ~$8.5B post-money, excluding synergies.
- Reliance to invest ~$1.4B; ownership: Reliance 16.34%, Viacom18 46.82%, Disney 36.84%.
- Disney records non-cash pre-tax impairment of $1.8-2.4B in current quarter for held-for-sale accounting.
- JV will have 750M+ viewers; Nita Ambani as Chairperson, Uday Shankar as Vice Chairperson.
- Expected close in Q4 2024 or Q1 2025; subject to regulatory and shareholder approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1744489/000119312524049404/0001193125-24-049404-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1744489/000119312524049404/d800554d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-049404

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