Zee Entertainment refutes reports about termination of the Zee-Sony merger
Tuesday, 9 January 2024 Zee Entertainment dismisses rumours about the termination of the $10 billion merger with Sony India. ZEEL is dedicated to ensuring the successful completion of the proposed merger. Sony Group Corp is considering abandoning the merger due to lapses in meeting conditions precedent, particularly the appointment of ZEEL MD Punit Goenka as CEO. Goenka has been cleared of allegations related to fund diversion. The merger aimed to create India's largest broadcast company with over 70 TV channels, ZEE5, Sony LIV, Zee Studios, and Sony Pictures Films India.
EU to Check Whether , Microsoft’s Investment in OpenAI , Falls Under Merger Rules.
On January 9, the European Union announced
an investigation to determine if Microsoft's
massive investment in OpenAI violates
the bloc's merger regulations.
On January 9, the European Union announced
an...
Sony Ends $10 Billion Merger , With India Media Giant Zee.
The deal was called off
on Jan. 22, CNN reports. .
According to Sony, “the closing conditions
to the merger were not..
Credit: Wibbitz Top Stories Duration: 01:31Published
Zee Entertainment has urged Sony to withdraw its merger termination notice and honor its obligations. Zee has contested Sony's claims of breaching the merger... IndiaTimes
Sony officially terminates the merger with Zee Entertainment, citing unmet conditions and a leadership dispute. The termination follows a stalemate over whether... IndiaTimes
Sony Corp terminates the $10 billion merger between its India unit and Zee Entertainment Enterprises due to unmet conditions. Disagreements over leadership and a... IndiaTimes
Tuesday, 9 January 2024
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