BENGALURU (Reuters) -- Reliance Industries, India's most valuable company, and The Walt Disney Co. signed a nonbinding term sheet to merge their Indian media operations, The Economic Times reported on Monday, citing sources it did not name.
Merger would create one of the South Asian country's biggest entertainment empires

The Disney-Reliance deal is likely to be completed by February. © Reuters
BENGALURU (Reuters) -- Reliance Industries, India's most valuable company, and The Walt Disney Co. signed a nonbinding term sheet to merge their Indian media operations, The Economic Times reported on Monday, citing sources it did not name.