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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.
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 ...
In December 2021, the merger was approved by the two companies boards. Sony will hold a stake close to 51% in the company, with Zee controlling the remaining stake. On 10 August 2023, the National Company Law Tribunal approved the proposed Sony/Zee merger.
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 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.
The talks with Sony came to a finalised decision for a merger between Viacom18 and Sony Pictures Networks India in July. The merger was scheduled to be completed by the end of August, [75] Sony would obtain 74% stake leaving Viacom18 with 26% stake in the merged entity; Network18 and ViacomCBS would have around 13% in it respectively. [76]
The proposed merger of India’s Zee Entertainment Enterprises Limited (ZEEL) and Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India Private Limited) has received ...
Punit Goenka, MD and CEO of India’s Zee Entertainment Enterprises Limited, has shed light on the proposed merger with Sony Pictures Networks India. Delivering the keynote address at media ...