ZEE Entertainment Enterprises Limited (ZEEL) has withdrawn its application from the National Company Law Tribunal (NCLT) that sought directions to Sony Group Corp-owned Culver Max Entertainment and Bangla Entertainment to implement the composite scheme of arrangement between the three companies. In an official statement issued late on Monday evening, the company said it has withdrawn …
Zee Entertainment Enterprises Ltd on Sunday said the Singapore Arbitration Centre has denied Sony Group’s plea seeking a restrain against the Indian media company’s move to the NCLT for enforcing the merger that was called off by the Japanese company’s Indian arm. An Emergency Arbitrator of Singapore International Arbitration Centre denied the interim relief sought …
Indian media conglomerate Zee Entertainment said it will take legal action against Japan-based Sony Group following the termination of merger plans which would’ve created India’s largest broadcasting company.Sony on Monday announced its plan to end the merger of its India operations through Culver Max Entertainment with Zee, which was announced in 2021. “SPNI, a wholly-owned …
Sony Group Corporation-owned Culver Max Entertainment is seeking a termination fee of $90 million from Zee Entertainment Enterprises on account of alleged breaches of the terms of the Merger Co-operation Agreement (MCA), Zee said in a statement to the stock exchange.Zee has refuted Sony’s allegations of MCA breach, stating that it holds all rights in …