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Top related persons:
Zee - 2 Culver Max - 1 BEPL - 1 Punit Goenka - 1 Arjun Kharpal - 1 Mukesh Ambani - 1 Francis Mascarenhas - 1 Mukesh Ambani's - 1
Top related locs:
India Mumbai Sony's India Japan Zee Singapore India's
Top related orgs:
Sony - 3 Zee - 3 India's Zee Entertainment - 3 Disney - 3 Reliance Industries - 3 Sony's - 2 Zee Entertainment Enterprises - 2 CNBC - 1

Search resuls for: "India's Zee Entertainment"


5 mentions found


☆ India’s Zee Entertainment pops 10% on report that $10 billion merger with Sony is being revived
  + stars: | 2024-02-20 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
Sony and Zee did not immediately respond to a CNBC request for comment. Shares of India's Zee Entertainment jumped more than 10% on Tuesday after a report that its $10 billion merger with Japanese tech giant Sony could be revived. Sony first proposed to combine its India entertainment business with Zee in December 2021. Last month, Zee sued Sony over the termination of the deal and urged the Japanese firm to revive the merger. The union of Zee and Sony's India subsidiary would have created a potential content and entertainment powerhouse in India.
Persons: Zee Organizations: Sony, Zee, CNBC, Economic Times, India's Zee Entertainment, Sony's, Disney, Reliance Industries Locations: Mumbai, Japan, India, Sony's India
☆ India's Zee Entertainment urges Sony to restore blockbuster merger, sues over termination
  + stars: | 2024-01-24 | by ( Ryan Browne | ) www.cnbc.com   time to read: +3 min
Indian entertainment conglomerate Zee Entertainment on Wednesday said it urged Sony to revive their blockbuster entertainment merger and has sued the Japanese tech giant over the deal's termination. Sony earlier this week called of the transaction with Zee Entertainment, which is reported to be worth $10 billion. In a filing, Zee said it denies that Sony is entitled to call off the merger agreement and that its claim for a termination fee is "legally untenable and has no basis whatsoever." A merger of Zee with Sony's India subsidiary, Culver Max Entertainment Pvt. Sony would have gained access to Zee's local content, giving it a bigger footing in the lucrative Indian entertainment market.
Persons: Zee, Culver Max, BEPL, Punit Goenka, Arjun Kharpal Organizations: Zee Entertainment, Sony, Zee Entertainment Enterprises, Sony's, CNBC Wednesday, Culver, MCA, Company, Singapore International Arbitration Center, Zee, Culver Max Entertainment, Ltd, Bangla Entertainment, Disney, Reliance Industries Locations: India, Zee, Singapore, Sony's India
☆ India's Zee Entertainment dives 31% after Sony calls off mega merger
  + stars: | 2024-01-23 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: 1 min
Logo for ZEE5, an over-the-top platform of Zee Entertainment Enterprises. Shares of India's Zee Entertainment fell 31% on Tuesday after a division of Japanese tech giant Sony scrapped plans for a merger. Sony first proposed to combine its India entertainment business with Zee in December 2021. Those negotiations collapsed after more than two years. On Monday, Sony said that it terminated the merger because "among other things, the closing conditions to the Merger were not satisfied" by the agreed closing date.
Organizations: Zee Entertainment Enterprises, India's Zee Entertainment, Sony, Zee Locations: India
☆ Indian tycoon Ambani beats Disney to BCCI cricket media rights for $721 million
  + stars: | 2023-08-31 | by ( Aditya Kalra Biplob Kumar Das | Aditya Kalra | Biplob Kumar Das | ) www.reuters.com   time to read: +2 min
The company already owns digital streaming rights to the popular Indian Premier League Twenty-20 (IPL T20) tournament. Ambani snatched away the rights from the Disney Plus Hotstar streaming service in a $2.9 billion bid last year, and then streamed games for free. This prompted Disney subscribers to flee - out of 61 million users in October 2022, about 21 million had left by July this year. Last year, Disney renewed its media rights to show International Cricket Council's tournaments in India from 2024 to 2027 after winning a bid for $3 billion. It later licensed the TV broadcast rights to India's Zee Entertainment (ZEE.NS) and only regained the digital streaming rights, a source told Reuters.
Persons: Mukesh Ambani, Francis Mascarenhas, Mukesh Ambani's, Walt Disney, Viacom18, Ambani, Karan Taurani, Aditya Kalra, Nandan Mandayam, Biplob Kumar Das, Sonia Cheema Organizations: Reliance Industries, REUTERS, Walt, Control, Cricket, BCCI, Indian Premier League, Disney, Elara, Reuters, Asia Cup, ICC Cricket, India's Zee Entertainment, Thomson Locations: Mumbai, India, India's
☆ India's Zee Entertainment extends fall after insolvency admission
  + stars: | 2023-02-24 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Feb 24 (Reuters) - Shares of Indian media company Zee Entertainment Enterprises (ZEE.NS) extended their decline on Friday after insolvency proceedings were initiated against the company due to a loan default. Zee Entertainment shares fell as much as 5.4% in early trade after closing down nearly 4% in the previous session. Punit Goenka, chief executive of Zee on Thursday challenged insolvency proceedings against the company by India's bankruptcy court, and still expected a timely completion of a merger with the local unit of Japan's Sony Group Corp (6758.T). Meanwhile, the National Stock Exchange on Thursday banned the derivatives trading on Zee's stock effective from April 28. Goenka's petition is coming up for hearing on Friday morning at the National Company Law Appellate Tribunal.
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