Walt Disney Co DIS is in talks to purchase a stake in the Indonesian media company Media Nusantara Citra (MNC) Vision, according to Reuters. MNC Vision Networks is an affiliate of MNC Media Group.
MNC founder is Indonesian billionaire businessman and politician Hary Tanoesoedibjo, a business partner of U.S. President Donald Trump, according to Reuters.
Disney shares traded around $139.20 on Tuesday morning.
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