Discussion Sony officially announces termination of Zee merger

[Aksgr]

Minority shareholders, as a collective, have challenged Goenka and wanted him to be replaced. Assuming that this happens , is it possible for Zee entertainment under a new leadership to initiate talks with Sony for a merger again?

As per latest reports the termination of deal is not just because of ceo position. But sony had given time for zee to come clean, but they didint

 

[Ajay.]

Zee initiates legal action after Sony calls off $10 billion merger deal

Zee Entertainment has initiated action against Sony after it terminated the $10 billion merger deal, citing unmet demands. In a stock exchange filing, Zee informed that it has approached the NCLT to reverse the termination of the merger.

www.indiatoday.in

 

[Ajay.]

Zee Entertainment Moves NCLT To Implement Sony Merger Deal

Zee Entertainment Moves NCLT To Implement Sony Merger Deal

www.ndtvprofit.com

 

[00anonymous00]

BREAKING NEWS | Zee Entertainment moves National Company Law Tribunal against Sony's decision to call off merger, reports news agency PTI quoting Filing

https://twitter.com/x/status/1750133397576433821

 

[Ajay.]

India's Zee Entertainment urges Sony to restore blockbuster merger, sues over termination

Sony earlier this week called of the transaction with Zee Entertainment, which is reported to be worth $10 billion.

www.cnbc.com

 

[Aiscat]

Hopefully Zee loses again.

 

[Lurie]

This could become the longest running mega serial.

 

[Ajay.]

New plot: Zee, Sony launch legal war - The Economic Times

Sony Group companies Culver Max Entertainment and Bangla Entertainment (BEPL) initiated arbitration proceedings against Zee Entertainment Enterprises before Singapore International Arbitration Centre (SIAC), while Zee, denying charges, approached National Company Law Tribunal (NCLT) in Mumbai...

m.economictimes.com

 

[Deep Mody]

Zee moves NCLT seeking implementation of Sony merger, says termination fee ‘legally untenable’

Zee Entertainment, an Indian broadcasting firm, has filed a petition with the National Company Law Tribunal against Culver Max Entertainment (previously Sony Pictures India), urging the Japan-based company to rescind the termination of the merger scheme. Zee Entertainment made this announcement...

economictimes.indiatimes.com

A game of bluff scuttled Sony-Zee’s plans to create $10 billion media giant

Sony Group Corp.'s lawyers were surprised when Zee Enterprises Entertainment Ltd. requested a 'hold harmless' clause for its CEO, Punit Goenka, during the merger negotiations to create a $10 billion Indian entertainment giant. Goenka was worried that Sony would start a witch hunt against him...

economictimes.indiatimes.com

 

[Ajay.]

Amid merger-fallout, Zee entertainment pulls out of $1.4 billion cricket TV rights deal with Disney

The Indian company was to pay for the rights over time but it missed the first $200 million payment to Disney

www.telegraphindia.com