MUMBAI: Hollywood director Steven Spielberg is meeting Reliance Communications chairman Anil Ambani in New York to finalise what‘s expected to be up to a $1.2 billion deal, reports Businessweek.
Reliance, in the bargain, would become a 50 per cent owner of Spielberg‘s new studio. The Indian conglomerate is expected to infuse $500 million equity infusion.
A further financing of $750 million for DreamWorks‘ film production with JPMorgan Chase (JPM) is expected.
If the deal gets closed, the three-year Spielberg-Paramount spat will finally come to an end. The deal is part of Spielberg‘s ambitious plans to restart the DreamWorks studio that he is relocating from Paramount Pictures (VIAB).
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