Breaking Sony officially announces termination of Zee merger

[Ajay.]

SIAC denies Sony's plea to restrain Zee from approaching NCLT for enforcing merger

Sony had last month terminated the merger agreement with ZEEL to merge its two Indian entities - Culver Max Entertainment (earlier known as Sony Pictures Network India) and BEPL.

yourstory.com

 

[DreamDTH]

The SIAC's emergency arbitrator asserted that the National Company Law Tribunal (NCLT) is the appropriate forum for the dispute.

SIAC denies Sony’s plea for interim relief against Zee Entertainment

 

[Ajay.]

NCLT sends notice to Sony on Zee failed merger, seeks reply in two weeks

Sony had last month terminated the $10 billion merger of its Indian arm with Zee Enterprises, saying that Zee did not meet the conditions precedent—among them financial management and recovery of dues from the related party.

www.businesstoday.in

 

[SarfaRaZ]

https://twitter.com/x/status/1754787364545945719

 

[Aneesh Bal]

What will happen next?

 

[StoriesWithPK]

What will happen next?

Nothing. They can't force Sony to buy Zee.

 

[Aksgr]

Nothing. They can't force Sony to buy Zee.

Only if the agreement needs are failed to meet by zee

 

[kamathur]

Nothing. They can't force Sony to buy Zee.

it will do it's rounds of legal proceedings and if the fault is completely with Zee - as it has been said so in multiple articles - then they (Zee) would lose the case. And that would be end of story. But yes, it would give an opportunity to venture alone or look for tie-ups again.

 

[Ashok Varma]

it will do it's rounds of legal proceedings and if the fault is completely with Zee - as it has been said so in multiple articles - then they (Zee) would lose the case. And that would be end of story. But yes, it would give an opportunity to venture alone or look for tie-ups again.

Broadcasting industry turns into monopoly after Disney Star-Viacom18 deal, Sony and Zee have nothing to gain, Sony might not put money in India without local network support.

 

[Ajay.]

NCLT to hear ZEE’s plea on enforcing merger; Sony raises questions - Adgully.com

NCLT to hear ZEE’s plea on enforcing merger; Sony raises questions

www.adgully.com