For God’s Sake why dont u get it its not a joint venture chacha… reliance is buying out disney hotstar which is having losses and not able to cope with it.. as simple as this..
Mama Ji It is called a merger or Joint Venture when a company buys certain stake in another company and forms a single merged entity. Please go and read how Sony and Zee merger happened, i believe u r not aware that Sony bought stake in Zee Entertainment business and infused cash in the company alongwith this zee investors got 85 shares of sony for every 85 shares they held of zee and Sony gave "non competitive fee" to zee promoters which inturn was used by zee promoters to buy stake in merged company and increase their share in it to 3.9 % .
Zee was merged into sony not vice versa, sony now has deciding power to appoint board members , zee investors shares being swapped with that of sony....If u still do not understand that Sony acquired stake in ZEEL and then merged entity was formed with all the terms as mentioned above and in below articles forming part of agreement then sorry but u need to consult a business or stock market consultant to understand such deals. Similarly Disney-Star will be merging into another company with the said company buying stake in Disney-Star India Business thereby paving way for a single merged entity
Zee-Sony Merger: Deal Sealed, Punit Goenka CEO Of New Entity
Zee-Sony Merger: Deal Sealed, Punit Goenka CEO Of New Entity
www.bqprime.com
Sony bets on Zee merger to create Hindi entertainment powerhouse
Japan group on acquisition spree to fend off likes of Netflix, Amazon and Disney
asia.nikkei.com
Sony bets on Zee merger to create Hindi entertainment powerhouse
Japan group on acquisition spree to fend off likes of Netflix, Amazon and Disney
asia.nikkei.com
Sony Seeks to Take Over TV Network Zee Entertainment
Sony Group Corp.’s Indian unit signed a non-binding deal to buy the country’s largest publicly-traded television network Zee Entertainment Enterprises Ltd., pouncing on a beleaguered company whose shareholders have sought removal of key officials.
www.bloomberg.com