Breaking ZEEL and Sony merger approved by ZEEL board; definitive agreements signed

[peter9]

Sony-Zee in a new tussle as Sony wants its executive to lead the merged entity, might hurt Zee promoters

Sony wants its own executive as head of merged company instead of Zee's Punit Goenka

According to a person familiar with the situation, Goenka has made it clear to Sony's brass that he wants to be the MD and CEO of Sony-Zee, particularly after the SAT verdict overturned Sebi's regulatory ban. This had barred him from holding a directorship or a top managerial role in a listed...

economictimes.indiatimes.com

Meanwhile Goenka.. Sala Ye Dukh Kahe Khatam Nahi Hota..

 

[vikhyath]

Sony-Zee in a new tussle as Sony wants its executive to lead the merged entity, might hurt Zee promoters

Sony wants its own executive as head of merged company instead of Zee's Punit Goenka

According to a person familiar with the situation, Goenka has made it clear to Sony's brass that he wants to be the MD and CEO of Sony-Zee, particularly after the SAT verdict overturned Sebi's regulatory ban. This had barred him from holding a directorship or a top managerial role in a listed...

economictimes.indiatimes.com

Finally , Sony got the true picture of Zee promoters. Sony took a right stance now! Good going.

 

[kskies2]

It's surprising how Zee has been operating for a number of years with so much corruption. How were Subhash Chandra and Punit Goenka allowed to siphon off funds for their own benefit without any repercussions? We should not allow such behavior as a society. Sony will bring much-needed professionalism to this company.

 

[RdX]

Talks on the mega-merger between Zee Entertainment Enterprises Ltd and Sony Pictures Networks India (SPNI) have stalled over the latter’s last-minute demand that its executive lead the merged entity instead of Punit Goenka as agreed before. According to two people aware of the matter, failure to reach an agreement by the 21 December deadline may derail the merger, the biggest in India’s entertainment industry.

Sony’s googly on CEO may stump Zee merger

Sony views the allegations and investigation as corporate governance issues and wants to place its executive at the top

www.livemint.com

 

[Aksgr]

Talks on the mega-merger between Zee Entertainment Enterprises Ltd and Sony Pictures Networks India (SPNI) have stalled over the latter’s last-minute demand that its executive lead the merged entity instead of Punit Goenka as agreed before. According to two people aware of the matter, failure to reach an agreement by the 21 December deadline may derail the merger, the biggest in India’s entertainment industry.

Sony’s googly on CEO may stump Zee merger

Sony views the allegations and investigation as corporate governance issues and wants to place its executive at the top

www.livemint.com

Remove every zee leaders. They ruined the brand.

 

[vikhyath]

Talks on the mega-merger between Zee Entertainment Enterprises Ltd and Sony Pictures Networks India (SPNI) have stalled over the latter’s last-minute demand that its executive lead the merged entity instead of Punit Goenka as agreed before. According to two people aware of the matter, failure to reach an agreement by the 21 December deadline may derail the merger, the biggest in India’s entertainment industry.

Sony’s googly on CEO may stump Zee merger

Sony views the allegations and investigation as corporate governance issues and wants to place its executive at the top

www.livemint.com

There's an error in the pie chart. Public shareholders share is 45.15% and Zee shares are 3.99%

With 3.99% share the zee promoter wants to lead the company!

 

[RdX]

Remove every zee leaders. They ruined the brand.

There's an error in the pie chart. Public shareholders share is 45.15% and Zee shares are 3.99%

With 3.99% share the zee promoter wants to lead the company!

Interesting if they Remove Zee founder Essel Goenka family, they will loose their own company completely.

 

[stiwari]

If merger fails there will be no competition to Disney hotstar/Jio,ultimately Zee and Sony being smaller will face uphill task to complete with this big company

 

[Raj323]

If a merger takes so much time then it is better to canel it

 

[StoriesWithPK]

If a merger takes so much time then it is better to canel it

Agree.

Sony should just cancel and do a deal with Disney. Let Zee roll at the bottom.