Funkyboyhas
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Reliance Industries and Walt Disney Company signed a non-binding agreement in London last week. This means that officials of Reliance Industries and Disney will now sit together and hold final round of talks to acquire Disney's Star India business. The valuation of Disney's Star India business will be determined, however, if a final deal is not reached, either party may back out.
This step of Mukesh Ambani can also be called taking a lesson from the Twitter deal. When Elon Musk made the deal to buy Twitter, he made a binding pact. In such a situation, when Elon Musk later backed out from the deal, Twitter went to court against him. In such a situation, Elon Musk had to complete the deal to buy Twitter.
This step of Mukesh Ambani can also be called taking a lesson from the Twitter deal. When Elon Musk made the deal to buy Twitter, he made a binding pact. In such a situation, when Elon Musk later backed out from the deal, Twitter went to court against him. In such a situation, Elon Musk had to complete the deal to buy Twitter.