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The Sony-Zee merger is not final yet. India’s National Company Law Tribunal (NCLT) approved the merger last week, but the joint enterprise has to file with the Registrar of Companies within 30 ...
On 4 October 2022, the Competition Commission of India (CCI) conditionally approved the proposed merger of Zee Entertainment Enterprises Limited (ZEE) and Sony Group Corporation (SGC) in India (the proposed transaction). On 10 August 2023, the National Company Law Tribunal approved the proposed Sony/Zee merger.
The proposed merger between Zee Entertainment Enterprises Limited and Sony’s TV operations in India has finally been given a green light – nearly two years after the deal was first announced.
A dramatic acquisition saga in one of the world’s fastest growing media industries is headed for a bitter ending. Sony Group has called off the merger between its India unit and Mumbai-based Zee ...
Attempted merger with Zee. On 22 September 2021, Zee Entertainment Enterprises announced that it had reached an agreement in principle to merge its television networks, production operations, digital assets, and program libraries with SPN; the combined company would be majority-owned by Sony, and led by Zee CEO Punit Goenka.
In October 2021, it was reported that founder Subhash Chandra and his son, Punit Goenka together own just 3.99% stake of Zee Entertainment. On 22 December the board of Zee Entertainment Enterprises approved the merger with Sony Pictures Networks India. and now pending for government approval. Zee Learn (15.05% stake)
Sony Group Corporation has initiated a Singapore arbitration case against Indian TV giant Zee Entertainment Enterprises Limited (ZEEL), alleging breaches of their failed merger agreement, Variety ...
The ban by Indian regulator Securities and Exchange Board (SEBI) on Punit Goenka, MD-CEO of media giant Zee Entertainment Enterprises (ZEEL) has been lifted after an appeal. In June, SEBI barred ...