ZEE Entertainment Enterprises Limited

Sony terminates $10 billion merger with Zee Entertainment; seeks fee of $90 million on alleged breaching of the deal: Reports : Bollywood News

by
Sony terminates billion merger with Zee Entertainment; seeks fee of million on alleged breaching of the deal: Reports : Bollywood News

Sony Group Corporation has officially terminated the much-talked-about two-year pursuit of merging with Zee Entertainment Enterprises Limited. The proposed deal aimed to amalgamate TV and streaming ventures in India under the ZEE umbrella. The news was confirmed on Monday, January 22, 2024. Sony terminates $10 billion merger with Zee Entertainment; seeks fee of $90 million … Read more

Zee Entertainment to take legal action against Sony; denies all allegations

by
Zee Entertainment to take legal action against Sony; denies all allegations

“ZEEL held several deliberations and good faith negotiations with Culver Max and BEPL, with a view to consider an extension of the merger completion timeline, that did not materialise,” the company said.  | Photo Credit: Reuters The ZEE Entertainment Enterprises Limited (ZEEL) board which meet in Mumbai on January 22 took on record communications received … Read more