Zee Entertainment not to go ahead with USD 1.4 billion deal with Disney Star
Thursday, 25 January 2024 Zee Entertainment cancels USD 1.4 bn deal with Disney Star for TV broadcast rights. The company misses USD 200 million instalment and terminates USD 10 billion merger agreement with Sony. ZEEL approaches NCLT to enforce merger deal and contests Sony's USD 90 million claim before SIAC.
Sony Ends $10 Billion Merger , With India Media Giant Zee.
The deal was called off
on Jan. 22, CNN reports. .
According to Sony, βthe closing conditions
to the merger were not satisfied.β.
However, the company βdoes not anticipate any material impact on its consolidated financial results...
Netflix Subscribers and Revenue , Surge Beyond Estimates.
On Jan. 23, Netflix said that it added
13.12 million subscribers in Q4 2023.
It had only anticipated to get
about 9 million, Yahoo Finance..
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Zee Entertainment Enterprises Ltd tumbles 10% as $10 billion merger with Sony Group Corp is cancelled. Analysts predict sharp contraction in valuations. Zee's... IndiaTimes
Thursday, 25 January 2024
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