Discussion Sony officially announces termination of Zee merger

  • Thread starter Thread starter Aksgr
  • Start date Start date
  • Replies Replies: Replies 226
  • Views Views: Views 44,440
So I have a question. Did Punit Goenka actually siphon off funds for his own benefit? If so, why was Zee adamant that Punit Goenka remain the CEO?

Zee founder Subhash Chandra and his son Punit Goenka used an intricate web of entities to fake recovery of loans and siphoned off funds "for their own benefit", markets regulator Securities And Exchange Board Of India (SEBI) has alleged.
Click to expand...
 
I think now disney reliance deal will be off and reliance will take over zee.
 
piinku1 said:
I think now disney reliance deal will be off and reliance will take over zee.
Click to expand...
Why? Star is still a private company so they'll have less legal hindrance. They also have monopoly in multiple markets. Reliance would anyway prefer to merge with them.
 
piinku1 said:
I think now disney reliance deal will be off and reliance will take over zee.
Click to expand...
No RIL prefers star over zee
Reasons:
1. No to zero competition
2. Star is actually positive in net income
3. Cash flow
4. Disney
 
Sony would have never allowed the merger if Zee didn't fully hand over the operations, Sony follows Japanese guidelines for mergers and purchases and that includes complete takeovers, if Zee didn't want to bend over to Sony, the Japanese financial regulator would never allowed the merger.
Sony doesn't lose anything by stepping aside Zee because they can just do it on their own.
 
3nDyxCf.jpg
 
Aiscat said:
Sony would have never allowed the merger if Zee didn't fully hand over the operations, Sony follows Japanese guidelines for mergers and purchases and that includes complete takeovers, if Zee didn't want to bend over to Sony, the Japanese financial regulator would never allowed the merger.
Sony doesn't lose anything by stepping aside Zee because they can just do it on their own.
Click to expand...
If Sony follows stricter rules for Zee merger, then why Sony signed agreement with Zee's Punit as CEO for 5 years of merged entity in 2021?
 
157 More Posts...
Back
Top Bottom