Walt Disney Co’s 30% stake in satellite TV service provider Tata Play has reportedly found a buyer in Tata Group. The sale of the $1 billion stake will allow Disney to focus on its merger with Reliance Group, said a news report. 

With the purchase, Tata Group now owns the satellite service in its entirety. 

It was reported back in March that the conglomerate was considering the prospects of purchasing the stake from Disney and preliminary talks about the acquisition were underway. 

In April, Singaporean state-owned investment firm Temasek reportedly sold its 10% stake in Tata Play to Tata Sons for Rs 835 crore, raising Tata Son’s shareholding in Tata Play to 70%, according to a news report.  

With Temasek's exit, Tata Sons held a 70% stake in the DTH firm along with Walt Disney. With Disney divesting, now Tata has full control of the subscription TV services.  

Tata Play, which was previously Tata Sky, was a joint venture between Tata Group and News Corporation when it was incorporated in 2005.