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

[Aksgr]

Sony says merger talks with Zee Entertainment will continue till January 20

Zee Entertainment had also mentioned that they are committed to completion of the merger and are working towards a successful completion of the same.

www-cnbctv18-com.cdn.ampproject.org

 

[Ashok Varma]

Sony turns down Punit Goenka's proposal of new CEO to replace him in merged company, sticks to NP Singh as CEO

Sony-Zee merger talks: Sony had turned down Punit Goenka's proposal for replacement of CEO

Earlier, Sony had opposed the idea of Goenka taking over as the managing director and CEO of the merged entity, citing stock market regulator Sebi's probe against him and his father Subhash Chandra for alleged fund diversion from Zee to promoter group companies. As part of the scheme of...

economictimes.indiatimes.com

 

[StoriesWithPK]

Zee-Sony deal likely to go through without Punit Goenka as CEO: Elara Capital

According to Elara Capital's Karan Taurani, there is a very small chance of Mr Goenka putting the deal at risk due to his desire to become CEO

bestmediainfo.com

 

[coolwater0055]

Zee-Sony deal likely to go through without Punit Goenka as CEO: Elara Capital

According to Elara Capital's Karan Taurani, there is a very small chance of Mr Goenka putting the deal at risk due to his desire to become CEO

bestmediainfo.com

With just 5% stake and accusations not sure if true or false he doesn’t deserve to lead the merged entity.

 

[peter9]

More and more trouble for Zee..

More trouble for Zee: SC upholds HC ruling to send Siti Networks' loan default case to arbitration

In 2020, Siti Broadband had availed of a loan of Rs 5 crore from Aditya Birla Finance, to be repaid in 19 quarterly instalments. According to Aditya Birla Finance, Siti Broadband has been defaulting on payments since November 2021.

www.businesstoday.in

Zee may sue Sony if merger fails to go through

Zee Entertainment may sue Sony for damages if merger fails, as Zee had to shut down profitable businesses to comply with merger conditions.

www.thehindubusinessline.com

 

[Shantanu]

Sony: Khaya Piya kuch nahi, glass bhi nahi toda phir bhi bill $100 M

Translation: Didn't eat, didn't drink, didn't even break a glass, yet the bill is $100 million!

 

[Aksgr]

More and more trouble for Zee..

More trouble for Zee: SC upholds HC ruling to send Siti Networks' loan default case to arbitration

In 2020, Siti Broadband had availed of a loan of Rs 5 crore from Aditya Birla Finance, to be repaid in 19 quarterly instalments. According to Aditya Birla Finance, Siti Broadband has been defaulting on payments since November 2021.

www.businesstoday.in

Zee may sue Sony if merger fails to go through

Zee Entertainment may sue Sony for damages if merger fails, as Zee had to shut down profitable businesses to comply with merger conditions.

www.thehindubusinessline.com

If this merger fails, zee is likely to fall very badly. Atleast Culver has sony corp as backbone.
Zee has none, even lost their saviour invesco.

I feel like Sony must ditch them and file delays and dispute case on them.

Zee will soon file bankruptcy if goenka heads

 

[ab666]

"While the original agreement between Zee and Sony had envisaged $100 million in penalties if either side walked away from the deal, this facility expired on December 21. The two parties had agreed to extend the talks by 30 days and have been trying to cobble up a deal ahead of the January 20 deadline. But now, Sony is not obliged to pay the penalty if it chooses to dissolve the agreement."

Zee may sue Sony if merger fails to go through

Zee Entertainment may sue Sony for damages if merger fails, as Zee had to shut down profitable businesses to comply with merger conditions.

www.thehindubusinessline.com

Sony don't have to pay anything

 

[Shantanu]

Now one last option for Zee to survive would be an acquisition from some international company like disney had acquired Star.

 

[Ashok Varma]

Now one last option for Zee to survive would be an acquisition from some international company like disney had acquired Star.

No international company interested in Zee with Goyal family, it might be Adani or Ambani can overcome those family affair.