Breaking ZEEL and Sony merger approved by ZEEL board; definitive agreements signed

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Netflix, Hotstar, Prime watching the euphoria on Sony and Zee merger

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Considering 2020 share Sony zee will have huge market equal to 23 - 24% which will easily put them closer to monopoly.
Doesn't India have regulations like US. !?
Yet this merger was needed for survival of both.
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Why do I see a nostalgia of VI merger here?
Dish-d2h and Vodafone-Idea were both Mergers of the Strugglers. Both of them ended in trouble. Not to mention that Dish-d2h is owned by Essel Group itself, but it was not mentioned in today’s news articles as it isn’t owned directly by Zee. Hopefully Zee-Sony will be able to avoid that fate as it has the backing of Sony Group Corporation, whereas Vodafone-Idea lacks a strong financial backing and owes thousands of crores to the Government.
 
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