Zee Entertainment has sought a refund of over Rs 68 crore from Walt Disney-owned Star in relation to the television broadcasting rights of the International Cricket Council (ICC) Men’s and Under-19 events. It said that Star violated the terms of the ICC TV rights agreement. Zee said that it has accrued Rs 72 crore for … Read more
Sony Group Corp has reportedly called for a board meeting today to decide on the $10 billion merger with Zee Enterprises. Two key meetings are expected to happen as per an ET report where a final call will be taken. ET said Sony is likely to call off the deal unless Puneet Goenka, ZEE MD … Read more
Zee-Sony merger deal: Zee Entertainment Limited on Tuesday clarified that the news and buzz that the multi-dollar merger between Zee Entertainment and Sony’s India arm will be terminated before January 20 is baseless and factually incorrect. News agency Bloomberg on Monday reported that Sony is planning to call off the $10 billion merger and Sony … Read more
Zee Entertainment Enterprises Ltd said on Wednesday that “‘good faith negotiations” will happen with Japan-based Sony Group’s India unit to discuss an extension of the merger deadline. The deal to create a $10-billion media and entertainment powerhouse was first announced two years ago, but has been delayed due to regulatory and other uncertainties. “The Company … Read more
Zee Entertainment Enterprises Ltd on Sunday said it has requested Culver Max Entertainment Private Limited (formerly known as Sony Pictures Networks India Private Limited) for extension of timeline to complete the mega media merger. “Pursuant to the Merger Cooperation Agreement dated December 22, 2021 entered into amongst the Company, Bangla Entertainment Private Limited (‘BEPL’), and … Read more
Mumbai: Sony Pictures Entertainment (SPE), the global entertainment unit of Japan’s Sony Group Corp., has initiated talks with Walt Disney Co. about a potential acquisition of its India business, said two people with direct knowledge of the matter. The preliminary discussions with Disney are part of Sony’s contingency plan in case its ongoing merger agreement … Read more
In a recent development, Axis Finance has filed an appeal with the National Company Law Appellate Tribunal (NCLAT) challenging the National Company Law Tribunal’s (NCLT) decision to approve the merger between the company and Sony. This information was confirmed by Zee Entertainment. The company in an exchange filling said that which stated that a notice … Read more