Recap: The Zee-Sony merger story
Here are some of the interesting stories that e4m did as part of the Zee-Sony merger deal coverage
The Zee-Sony merger issue has been nothing short of a roller coaster ride with developments that have spanned across months now. In the latest development, fault lines seem to have appeared in the deal that was almost coming through at one point.
We bring to you a recap of some of the interesting stories that we did as part of the coverage.
Read on:
Not yet agreed to Zee deadline extension: Sony
A day after Zee said it has requested Sony to push the date to close the big merger, Sony Pictures Network India (now Culver Max Entertainment Pvt Ltd) has said that it has not yet agreed to a deadline extension.
ZEEL asks Sony to push merger date
Zee Entertainment Enterprises Ltd (ZEEL) has asked Culver Max Entertainment Private Limited (CMEPL, formerly known as Sony Pictures Networks India Pvt Ltd) to extend the timeline to complete the much-awaited merger between the media giants.
Merger with ZEEL to take a few more months: Sony
The merger between Sony Pictures Networks India and Zee Entertainment Enterprises is expected to be delayed, said Sony Group in a statement.
ZEEL expenses for merger touch Rs 176 crore: Report
Ahead of its merger with Culver Max Entertainment (Sony Pictures Network India), Zee Entertainment Enterprises has already shelled out Rs 176 crore on merger-related expenses, according to a media report quoting the company’s regulatory filing.
Sony looking at own exec to head merged entity: Report
Sony Group is keen to place its India CEO NP Singh as the Chief Executive Officer of the merged Zee-Sony entity, a media network has reported.
We recognize the value Zee-Sony merger holds: Punit Goenka
During the earnings call for the second quarter of FY24, the MD & CEO, ZEE Entertainment Enterprises Ltd (ZEEL) said that his company recognizes what value the merger of his company with Sony holds.
SEBI bars Zee promoters from holding directorial positions in ZEE-Sony merged entity
The Securities and Exchange Board of India (SEBI) on Monday said that Essel Group founder Subhash Chandra and his son Punit Goenka cannot hold director positions in group companies, including Zee Entertainment Enterprises, Zee Media Corp and the proposed Zee-Sony merger until the investigation by the regulator ends.
Is Disney speculation just a side show in Zee-Sony merger?
The week saw two leading business papers running contrasting stories on the much-talked about Sony-Zee merger. While one speculated that Sony has initiated talks with Disney to acquire its India business (Star India) since the merger agreement with Zee is taking too long, and may not happen. A day later, a rival publication claimed that the merger may conclude next month.
Has the Zee-Sony merger hit a roadblock?
The much-anticipated media merger between Sony and Zee Entertainment appears to be on shaky ground with the former on Tuesday issuing a public statement, which is believed to be an unusual move in the business realm.
SC to hear IDBI Trusteeship plea against Zee-Sony merger
The Supreme Court has sent notices to two ZEEL promoter companies as it has agreed to hear a plea filed by IDBI Trusteeship Services regarding the insolvency proceedings.
IDBI trusteeship moves NCLAT against Zee-Sony merger
IDBI Trusteeship Services Limited (ITSL) has filed an appeal at the National Company Law Appellate Tribunal (NCLAT) against the National Company Law Tribunal (NCLT) giving an approval for the merger of Zee Entertainment Enterprises Limited (ZEEL) and Sony. The NCLT had given the go-ahead for the merger after rejecting IDBI Trusteeship Services Limited’s objection to the merger.
