ZEE drags Sony to NCLT after $10-bn merger deal collapses
ZEE says it has also started "appropriate legal action" to contest Sony, BEPL’s claims in arbitration proceedings before SIAC
ZEE says it has also started "appropriate legal action" to contest Sony, BEPL’s claims in arbitration proceedings before SIAC
The company law tribunal in August 2023 had given its nod to the merger proposal of ZEE with Culver Max, earlier known as Sony Pictures
BofA Securities expects Zee’s revenue growth to remain slow; awaits visibility on merger with Sony Pictures Networks
Theories being floated include incitement by a leading Indian conglomerate; global media baron firing from Invesco’s arms and a China angle—all suggesting attempts on to ruin the Sony-ZEE merger plan.
India is a land of limitless possibilities. Zee has basked in glory for three decades. Now is the time for discarding the old so that the new can arise.
The oil-to-yarn and retail-to-telecom conglomerate’s market value continues to soar as businesses perform and a path to paring debt is chalked out.
The company continues to grow despite losing the IPL broadcast rights to rival Star, says CEO N.P. Singh, in an interview that was published in October 2019.
The U.S.-based production house seeks to rapidly grab eyeballs in India, even as SonyLIV wants to expand its English content library.