这项决议标志着年初合并失败后旷日持久的法律斗争的结束。 India’s Zee Entertainment Enterprises and the Indian unit of Sony have reached an agreement to withdraw all claims against each other related to their abandoned $10 b...
A unit of Sony Group and India’s Zee Entertainment have proposed offering concessions such as pricing discounts to help ease concerns of the country’s antitrust regulator over their merger, which will create a $10-billi...
a wholly-owned subsidiary of Sony Group Corporation (“Sony”), today issued a notice terminating the definitive agreements entered into by SPNI and Zee Entertainment Enterprises Ltd. (“ZEEL”) relating to the merger of ZEEL with and into SPNI (the “Merger”), which was previously...
Vivekanand Subbaraman, a media analyst at Ambit Capital, said Zee would now have to "go back to the drawing board" and would be short of capital. "Sony was going to infuse $1.3 billion into the merger... Also, from an opportunity standpoint, it wasn't just TV. It was also digital ...
Subhash Chandra of Indian media giant Zee has accused the chair of regulator Securities and Exchange Board of scuppering the merger with Sony.
Zee currently has a presence in over 173 countries and claims to have a reach of more than 1.3 billion people around the world.
“on account of alleged breaches by ZEEL of the terms of [merger cooperation agreement], invoking arbitration and seeking interim reliefs against ZEEL. ZEEL categorically denies all the assertions raised by [Sony vehicles] Culver Max and BEPL on the alleged breaches under the terms of the MCA,...
Zee Entertainment Enterprises Ltd. moved the National Company Law Tribunal to seek directions to implement the said merger and has issued a reply to Sony India denying any breach of obligations.
ZEE and Sony head to arbitration after merger collapse January 30, 2024 12.58 Europe/London By Julian Clover Broadcasters Zee and Sony are to meet in Singapore after Zee began legal action against Sony’s claim for a $90 million termination fee in their failed $10 billion merger. Filed Under...
Zee shall get the physical copy of order in 15 days post the order. It would then file with ROC for merger of Zee-Sony. Separately, it would go to SEBI for de-listing of Zee shares and re-listing of merged entity. Post NCLT approval, the process shall take 2.5-3.5 months ...