Discussion Sony officially announces termination of Zee merger

[Sankalp]

Zee Entertainment Enterprises Ltd (ZEEL) is seeking rapprochement with Sony Group as it makes a last-ditch effort to resurrect a USD 10 billion merger, according to industry sources. After the Japanese multinational firm pulled the plug on its USD 10 billion merger deal in January, the Indian company reached out again to Sony to reconsider the termination and offered for talks this month, a source said.

Zee Entertainment reaches out to Sony to revive terminated merger - ET LegalWorld

Zee Entertainment Enterprises Ltd (ZEEL) is seeking rapprochement with Sony Group as it makes a last-ditch effort to resurrect a USD 10 billion merger, according to industry sources. After the Japanese multinational firm pulled the plug on its USD 10 billion merger deal in January, the Indian...

legal.economictimes.indiatimes.com

Guys this news is fake as per mint reporter gaurav lagathe

#NEWS -- The story about @ZEECorporate reaching out to @SonyTV to revive the merger is absolutely rubbish and a figment of somebody's imagination. No such talks at all.

— Gauraav Laghate (@gaurav_laghate) December 23, 2024

 

[Aiscat]

Hah, I knew it.

 

[Sankalp]

Apparently, the Subhash Chandra-founded TV network has reached out for reconciliation with Culver Max Media’s parent Sony with an offer to revive the aborted $10 billion merger this month. The PTI report said Sony is understood to be studying the proposal - though it got no confirmation from either of the two parties.

The report added that Zeel had – despite all the litigation between the two that hit the headlines following the dropping of the merger plan by Sony – had never stopped trying to bury the hatchet and that it was the former which had approached the National Company Law Tribunal (NCLT) to enforce the fusion between the two.

Zeel sends out feelers to Sony to revive merger plan: PTI Report

MUMBAI: Christmas is a season of joy for many. But could it be a season to be merry for Zee Entertainment Enterprises? Well if a news report by PTI is to be believed it may well end up being so. Apparently, the Subhash Chandra-founded TV network has reached out for reconciliation with Culver Max...

indiantelevision.com

SPNI former CEO Kunal Dasgupta reacts on Sony Zee merger revival news

He said on Linkedin

"Sony never revives cancellations because the fundamental issue is the family that runs zee is not acceptable to them. Unless the promoter exits fully there will be no merger".

 

[Aksgr]

SPNI former CEO Kunal Dasgupta reacts on Sony Zee merger revival news

He said on Linkedin

"Sony never revives cancellations because the fundamental issue is the family that runs zee is not acceptable to them. Unless the promoter exits fully there will be no merger".

Can you share the link , i am unable to find any such post

 

[Bapun]

Can you share the link , i am unable to find any such post

I found it.

Dr. Ashish R Kaul on LinkedIn: #zee #sony #merger

ZEEL sends out feelers to Sony - But the story appears withdrawn !!! Somehow, unusually though, Zee was never in control of the this entire battle of the…

www.linkedin.com

 

[Sankalp]

Can you share the link , i am unable to find any such post

I tried to send screenshot but I was unable to send, Thanks moderator for sharing screenshot here.

 

[Aiscat]

This only confirms that Sony only does takeovers and doesn't share leaderships. If they can't control their new business they won't bother.

 

[Sankalp]