Breaking Sony officially announces termination of Zee merger

[Aksgr]

What did executives of Zee think about while granting loan of $3.3 million to an entity in India without clear repayment clause or launching a channel in South Africa or when signing cricket deals with Disney while the merger process is going on? All these were done without informing Sony. This is not ethical.

Zero ethical enterprise

 

[Ajay.]

Sony appeals to SIAC to bar ZEE's legal remedies in NCLT and other courts: ET report

Sony has claimed that Mad Man Film, the entity that submitted the application to the Mumbai bench of the tribunal on December 5, is acting as a proxy for ZEE.

www.afaqs.com

 

[Ajay.]

Sony-Zee deal fallout: Emails reveal clash over Russia assets, cricket deal

Before the failed merger of Sony Pictures Network and Zee Entertainment Enterprises Ltd, the two clashed over more than 20 compliance issues, including Russian asset disposal and a $1.4 billion Disney cricket rights deal.

www.livemint.com

 

[Mylanji]

Sony-Zee deal fallout: Emails reveal clash over Russia assets, cricket deal

Before the failed merger of Sony Pictures Network and Zee Entertainment Enterprises Ltd, the two clashed over more than 20 compliance issues, including Russian asset disposal and a $1.4 billion Disney cricket rights deal.

www.livemint.com

What's this Russian asset disposal? Do they mean shutdown of Zee TV's Russian channel?

 

[Aksgr]

What's this Russian asset disposal? Do they mean shutdown of Zee TV's Russian channel?

They have production house in russia

 

[Ajay.]

Zee claims â¹700 crore in costs from Sony for fulfilling merger conditions

Zee incurred a cost of Rs. â¹700 crore to meet Sony's conditions, plans to counter termination notice.

www.thehindubusinessline.com

 

[StoriesWithPK]

Zee’s largest shareholder, ICICI Prudential Mutual Fund, sells 42% of holding

ICICI Prudential Mutual Fund is now the third-largest shareholder in Zee Entertainment behind Nippon Mutual Fund and LIC

www.livemint.com

 

[Ajay.]

sony zee merger: Zee-Sony deal breakers: Unmet deadlines, bitter emails and dissent over who's boss - The Economic Times

Sony Group and Zee Entertainment Enterprises called off their merger deal due to a disagreement over the managing director and chief executive position. The deal termination notice from Sony claimed multiple breaches by Zee, including a decline in operating profit, non-disclosure of...

m.economictimes.com

 

[JitendraKumar]

So was planning to lunch Zee Zonke Channel in south Africa...

 

[Ajay.]

Singapore arbitrator quashes Sony's request to stop Zee approaching NCLT

Sony Group and Zee Entertainment called off their planned media merger in India in January, with the Japanese company accusing Zee to have failed to meet merger agreement conditions. Following the failure, Sony filed an arbitration application in Singapore, seeking a termination fee from Zee.

www.livemint.com