The share price of ZEEL jumped from Rs 135 to Rs 154.9 and closed at Rs 150.9 per share after it announced settling the merger dispute with Sony
The fundraising will be facilitated through issuing equity shares, other eligible securities or both
As per reports, Tony Vinciquerra, Chairman & CEO of Sony Pictures Entertainment, has said during a meeting that the company was considering several candidates as NP Singh’s replacement
Singh, a Sony veteran of 25 years, has skippered the company through many key developments that impacted India's media landscape
As per media reports, Zee has said that Culver Max and Bangla Entertainment have 'failed to comply with their obligations under the MCA'
A news report citing Zee's regulatory filing stated that in 2022-23, Zee incurred Rs 176 crore in merger-related costs and in 2023-24, it shelled out Rs 256 crore
In the aftermath of the Zee-Sony merger fallout and the subsequent crashing of its shares, Punit Goenka may have to soon find a partner for ZEEL to tide over the tough times, say industry experts
In an interview with a media house, Punit Goenka, ZEEL's Managing Director, said several investors were keen in coming on board but the focus was on delivering value to the company shareholders
The net profit of ZEEL for Q3 FY24 was Rs 58.5 crore, up from Rs 24.32 crore in the same period in FY23
Punit Goenka, ZEEL’s Managing Director, said during the Q3 earnings call that he has chalked out a plan to bring back the company’s margins and drive growth
Experts say BCCI may suffer from lack of options for cricket rights. However, due to the market being less competitive, the industry may see tech and OTT giants enter the fray aggressively
The case will be taken up on March 12, according to a news report
According to legal experts, Sony will have the option to file an appeal before NCLAT against the decision of NCLT
ZEEL shareholder Mad Men Film Ventures filed a petition on Tuesday seeking that both ZEEL and Sony complete the merger
In an interview with The Economic Times, Subhash Chandra, chairman emeritus of Zee, assuaged shareholders and also shared his thoughts about the possibility of future deals
On the merger plan with Sony falling through, Punit Goenka, MD & CEO, Zee Entertainment Enterprises, said in his address to employees that the company was evaluating all legal options
Sony CEO N P Singh in an internal email to employees said the journey towards the merger “has been remarkable”
Law experts say implication of merger termination will be more on ZEEL as its promoter is already embroiled in investigative proceedings by SEBI. Sony seems to be in a much stronger position
As the merger deal with Sony fails after nearly two years of deliberations, the big question is what next for Zee? The obvious answer for this India-born company seems to be from within India itself
The tumultuous two years of the Zee-Sony merger saga saw ZEEL’s share prices yo-yoing; analysts say Zee’s valuation is likely to drop to levels seen prior to the merger announcement
Guest column: Basant Maheshwari, Co-Founder and Partner of Basant Maheshwari Wealth Advisers LLP, says that the ZEE-Sony merger is the first instance in India of a deal failing, despite NCLT approval
The development doesn't bode well, say experts, who believe that consolidation is the way forward for the industry
ZEEL MD Punit Goenka was present at the Ram Mandir consecration ceremony at Ayodhya
Zee said that despite conducting numerous deliberations in good faith, the parties failed to arrive at a consensus
ZEE has said it will take appropriate legal action against Sony, which has invoked arbitration proceedings against the former
The Zee-Sony merger deal was terminated due to 'non-compliance with terms of agreement', Sony Corp has said
On Friday, in its reply to BSE, Zee mentioned "engaging in good faith negotiations with Sony with a view to discuss the extension of the date"
The reply from ZEEL is awaited, the Exchange has said
According to news reports, two meetings have been called – one by Culver Max Entertainment and the other by Sony Group Corp at its Tokyo headquarters
The dispute rose from the default of Aditya Birla Finance's Rs 150 crore loan to Essel Group's Siti Networks where Zee stood as guarantor
As the D-day of Jan 20 comes closer, e4m Editor Naziya Alvi Rahman explores if the Zee-Sony engagement will blossom into a joyous reunion or will it crumble under the weight of pressures and egos?
As per a Bloomberg report, Sony is expected to issue a termination notice before January 20
The mergers of Reliance & Walt Disney India and Zee & Sony are likely to be completed within the first half of this year, according to industry insiders
As the fate of the Zee-Sony merger remains uncertain, we take a look at the various key episodes in the journey so far
According to a Bloomberg report, the merger pact was signed in 2021 with the provision for a 30-day grace period from the deadline in case either party sought an extension
We take a look at the chronology of key episodes in the Zee-Sony merger story
The Zee-Sony deal may be on shaky ground but mergers & acquisitions in media are quite common globally. A glance at merged entities that are running successfully
Industry insiders believe that the likely Reliance-Disney merger could have a monopolistic approach if the Zee-Sony merger does not go through
We take a closer look at where the two mergers stand as per their market values and shares
Here are some of the interesting stories that e4m did as part of the Zee-Sony merger deal coverage
Sony has issued a public statement in response to Zee’s request for extension of merger deadline which raises a few eyebrows
In a statement, Sony Pictures Network India said the company looks forward to hearing ZEE’s proposals and how they plan to complete the remaining critical closing conditions
The matter will be heard after four weeks, a bench led by Chief Justice DY Chandrachud has said
The matter came up for hearing on Dec 1 and was deferred
In its response to stock exchanges, the media company also refuted reports of the merger falling through
The Zee board could also convene shortly to discuss Goenka's role in the wake of SAT ruling in his favour
Industry insiders predict the record date for listing of the $10-billion media and entertainment powerhouse could be set by November-end
If the deal goes through, Reliance-Disney will command 43% of the ad market share and Zee-Sony will have 25% share, leaving very little for other players
Amid conflicting speculations on reports about Sony talking to Disney for Star India’s acquisition in midst of its merger with Zee, e4m speaks to industry observers for some clarity
The case will now be heard on October 31