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Top related persons:
Zee - 2 Culver Max - 1 BEPL - 1 Punit Goenka - 1 Arjun Kharpal - 1
Top related locs:
India Sony's India Mumbai Japan Zee Singapore
Top related orgs:
Sony - 2 Zee - 2 Sony's - 2 Disney - 2 Reliance Industries - 2 CNBC - 1 Economic Times - 1 India's Zee Entertainment - 1

Search resuls for: "Sony's India"


3 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 tribunal puts Zee insolvency on hold after warning of Sony merger delay
  + stars: | 2023-02-24 | by ( Arpan Chaturvedi | ) www.reuters.com   time to read: +2 min
NEW DELHI, Feb 24 (Reuters) - An Indian tribunal on Friday put on hold insolvency proceedings against Zee Entertainment Enterprises (ZEE.NS), a major relief for the Indian media company that warned the legal battle could delay its merger with a local unit of Japan's Sony (6758.T). The tribunal has put on hold the insolvency proceedings for the time being, saying the matter required detailed deliberations and will be next heard on March 29. During the hearing, Zee counsel Mukul Rohatgi warned its merger with Sony is "going to get stuck" if the insolvency proceedings continue. It competes with Disney's (DIS.N) Star India and Reliance Industries (RELI.NS) Viacom18, and its planned merger with Sony's India unit will create a $10 billion behemoth. Zee on Friday disputed its liability in the tribunal saying, according to them the liability did not meet the threshold for initiating insolvency proceedings.
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