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

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As per wordings in the above note , ZEEL is merging with SPNI means, they are not merging with each other. It appears that the new entity will be Sony only and Zee may lost its identity.
 
As per wordings in the above note , ZEEL is merging with SPNI means, they are not merging with each other. It appears that the new entity will be Sony only and Zee may lost its identity.
Yes they may rebrand all Zeel owned channels, production studio, music label etc.
 
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