Discussion Sony officially announces termination of Zee merger

[Arun Nehra]

 

[StoriesWithPK]

Hope it hits 120 below.

 

[StoriesWithPK]

https://twitter.com/x/status/1749686308174287043

 

[Aksgr]

Hope it hits 120 below.

I already lost 2k

 

[StoriesWithPK]

I already lost 2k

I really have no idea why one would invest in Zee.

 

[vikhyath]

Zee-Sony season 2

Inside Story Of How Zee-Sony Deal Collapsed — NDTV Profit Exclusive

The battleground now moves from the boardroom to the courts. Season 2 of the Zee-Sony saga is set to begin.

www.ndtvprofit.com

 

[Ashok Varma]

I really have no idea why one would invest in Zee.

I think its Adani might purchase with low price (news from NDTV profit)

 

[avipersistent]

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.

Sony had agreed for Mr Goenka as the CEO of the merged entity but after investigations from SEBI due to transparency issues Sony wanted its CEO to take over. There is nothing about Japanese guidelines but more of a corporate governance in this .Sony would lose from this as in the regional space they wanted to scale and with ZEE the plan was to take that advantage. Now they had to look for other possibilities with ZEE due to financial pressures is looking to Adani to bail them out. Going in the future after consolidations taking place there will be mostly duopoly and both Sony and ZEE had to take actions to avoid losses.

 

[Deep Mody]

Zee shares crash 30% to record worst fall in history amid sell screams

Zee Entertainment shares hit the lower circuit as brokerages downgrade the stock after the cancellation of the merger with Sony. CLSA downgraded Zee to sell and mentioned the reported merger of Reliance and Disney Star as a competition. Nuvama and Elara also downgraded the stock, reducing the...

economictimes.indiatimes.com

Sony-Zee Merger Termination: Concerns for Unilever, P&G; likely cheer for Ambani

Sony terminates Zee deal: Sony's decision to abandon a $10 billion Indian media merger will leave large advertisers like Unilever and Procter & Gamble with limited options. They may have to turn to a potential rival to reach India's 1.4 billion population. Sony's local unit terminated the deal...

economictimes.indiatimes.com

 

[Aksgr]

I really have no idea why one would invest in Zee.

I did only for sony deal. Now sold and invested same amount in tv18, brought almost double the shares i had with zee