Mumbai: Disney is set to sell 60 per cent of Its assets to Viacom18 in a strategic agreement as per media reports. The deal is set to close this February.

According to the report, the pact values the India business at $3.9 billion and the transaction is likely to close this February.

Both Disney and Viacom 18 signed a non-binding pact in December last year, as per which Reliance was to have a 51 per cent shareholding and Disney 49 per cent.