Breaking Sony officially announces termination of Zee merger

[StoriesWithPK]

There wont be much of a fall, as it already started to fall from friday. Max to max it will reach 215- 210

160-170 is the ideal price for that garbage stock.

 

[ab666]

Thank God! Looks like they also watched 3 Id!iots yesterday. Sadly, Zee is 100 millions dollar richer.

Sony don't have to pay anything as per last extension clause. But zee have to pay 200 million dollar to Disney for termination of icc tv rights deal.
Sony should now focus on india movie production arm. Seems like they put on hold on this. Also sony announced adult animated shows. Hope they will come out soon

 

[Aksgr]

160-170 is the ideal price for that garbage stock.

LIC has called for shareholder meet to discuss on board members. So i believe it might survive around 200s. or else its not worth above 100 itself, its a loss making company

 

[Mylanji]

Punit Goenka 's ego and his stubborn attitude made this happen. Bad news for both the companies. I hope Mr. Goenka is happy now.

 

[StoriesWithPK]

Sony Confirms Termination Of Merger With Zee

The merger did not close by the end date as, among other things, the closing conditions were not satisfied by then, Sony said.

www.ndtvprofit.com

 

[Jackyu]

Termination letter

 

[StoriesWithPK]

https://twitter.com/x/status/1749329402457104681

Investors should stay away from this shameless management

 

[Aksgr]

Sony may have had to pay Zee a $100 million termination fee as part of the original agreement, but this may no longer be the case as the penalty cause has expired. But there is still the risk that they could be sued by Zee or its shareholders.

Sony Calls Off $10 Billion Merger With Indian TV Giant Zee Entertainment Enterprises

Sony calls off its $10 billion merger with Indian TV giant Zee, says two years of negotiations are enough.

variety.com

 

[Shark]

Indian media conglomerate Zee Entertainment said it will take legal action against Japan-based Sony Group following the termination of merger plans which would've created India's largest broadcasting company.

Zee to take legal action against Sony for scrapping merger deal

Sony has announced the termination of its 2021 merger agreement with Zee and is seeking $90 million in termination fees. Zee, in response, refuted the claims made by Sony and emphasized its commitment to protecting stakeholders' long-term interests. Zee is evaluating options and plans to contest...

m.economictimes.com

 

[Aksgr]

Indian media conglomerate Zee Entertainment said it will take legal action against Japan-based Sony Group following the termination of merger plans which would've created India's largest broadcasting company.

Zee to take legal action against Sony for scrapping merger deal

Sony has announced the termination of its 2021 merger agreement with Zee and is seeking $90 million in termination fees. Zee, in response, refuted the claims made by Sony and emphasized its commitment to protecting stakeholders' long-term interests. Zee is evaluating options and plans to contest...

m.economictimes.com

worst network ever, shares will fall