The proposed merger between Reliance Industries-owned Viacom18 and Walt Disney’s Star India is likely to go through greater scrutiny by the Competition Commission of India (CCI) given the impact it could have on the media & entertainment sector, legal experts said. The anti-monopoly watchdog might look at the combined market share of the proposed merged …
The National Company Law Tribunal (NCLT) adjourned the hearing in the scheme of arrangement between Walt Disney-owned Star India and its subsidiary Novi Digital Entertainment, which owns the streaming platform Disney+ Hotstar, to March 27. The hearing was postponed on February 21 because the Indian Performing Right Society (IPRS), which opposes the scheme, has informed …
Ever since he landed in Mumbai a week or so ago to help give the final touches to the Reliance-Star India mega merger that was announced on Wednesday, Justin Warbrooke had been struck by a sense of déjà vu. Many years ago, Warbrooke, a Kiwi by birth but with a cool quotient that is innately …
India’s market regulator has found a hole of more than $240 million in the accounts of Zee Entertainment Enterprises Ltd., dealing another blow to the embattled media firm less than a month after its merger with Sony Group Corp’s local unit collapsed. As part of its investigation into the Zee founders, the Securities and Exchange …
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 …
Zee Entertainment Enterprises Ltd (ZEEL) on Friday said it is continuing to work towards a successful closure of its USD 10 billion merger with Culver Max Entertainment, formerly known as Sony Pictures Networks India, amid reports that the Japanese entity’s board meeting to take a call on the fate of the protracted deal. In a …
The Sony Group continued to hold talks with Zee Entertainment Enterprises to merge their businesses in India, the Nikkei reported on Wednesday, citing people involved in the negotiations, after media reports earlier said the Japanese company was planning to scrap the $10 billion deal. The talks will continue until a Jan. 20 deadline to close …
Sony Group Corp is close to calling off its proposed $10 billion merger between its India operations with Zee Entertainment Enterprises Ltd (ZEEL) – first announced two years ago in a bid to create India’s largest broadcast company — owing to what it sees as the inability of the latter to fulfil several conditions laid …
Sony Group Corp. is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises Ltd., said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant. The Japanese conglomerate is looking to cancel the deal due to a standoff over whether …
The Sony-Zee mega merger still hangs in the balance. Sony Pictures Networks India (SPNI) Tuesday said it hasn’t yet decided on extending the Thursday, December 21, deadline to complete the merger with Zee Entertainment Enterprises Ltd (ZEEL). The Punit Goenka-led Zee had asked for an extension on December 17. In a statement, the Sony Group …