Page 9 - Latest Updates on Sony
We will find another opportunity in India post Zee merger collapse: Sony
In an earnings call, Hiroki Totoki, president, COO & CFO of Sony said India is a very appealing market where it would continue to invest
 "We will find another opportunity in India post Zee merger collapse: Sony")
Sony plans IPO for financial arm in Oct 2025 after PS5 sales falter
The company revealed plans for the partial sale after reporting earnings and revising its forecasts for the fiscal year through March
 "Sony plans IPO for financial arm in Oct 2025 after PS5 sales falter")
Zee shareholder files fresh plea in NCLT against Sony's move on merger pact
The fresh plea came after Sony initiated an arbitration proceedings before Singapore-based international tribunal SIAC against Zee claiming USD 90 million (around Rs 748.5 crore) as a termination fee
 "Zee shareholder files fresh plea in NCLT against Sony's move on merger pact")
NCLT issues notice on Zee's plea seeking directions for Sony merger
NCLT has granted two weeks to Sony to file its reply and listed the case for hearing on March 12
SIAC cites lack of jurisdiction, rejects Sony's plea against Zee Ent
The Singapore arbitration panel cites lack of jurisdiction for rejection
 "SIAC cites lack of jurisdiction, rejects Sony's plea against Zee Ent")
'Sony, Zee clash over Russia assets, cricket before India merger collapse'
The communications between Sony's legal and M&A executives in India and Los Angeles with top Zee executives provide undisclosed details on the high-stakes backroom tussle
 "'Sony, Zee clash over Russia assets, cricket before India merger collapse'")
Zee Entertainment, Sony Pictures square off in SIAC, starting today
NCLT grants 3 weeks to Sony to file reply
Sony scrapped $10 bn merger as Zee failed to meet financial terms: Report
India's Zee denied the allegations in a letter to Sony, also reviewed by Reuters, and accused the Japanese company of "bad faith" in calling off the merger
 "Sony scrapped $10 bn merger as Zee failed to meet financial terms: Report")
Promoter family to increase stake in Zee to 26% eventually: Subhash Chandra
Chandra also said that as a promoter, he was "seriously considering" filing a criminal case against Sony
 "Promoter family to increase stake in Zee to 26% eventually: Subhash Chandra")
TMS Ep616: Zee-Sony merger, cookieless market, interim Budget, stress test
Has Zee run out of options after merger collapse? Are Indian businesses ready for a cookieless market? What do investors expect from interim Budget? What is stress testing in finance? Answers here
 "TMS Ep616: Zee-Sony merger, cookieless market, interim Budget, stress test")
Zee Entertainment mulls filing counterclaims against Sony India in SIAC
Legal experts say Zee took several steps to merge the companies which resulted in litigation costs
Disney Star mulls legal action against ZEEL for backing out from deal
According to the sources, this is a fallout of the collapse of its merger deal with Sony
 "Disney Star mulls legal action against ZEEL for backing out from deal")
Zee moves NCLT, SAIC against Sony Pictures post collapse of merger deal
Meanwhile, Sony India is going full steam ahead with its plans without Zee and said it is looking for both organic and inorganic growth opportunities in India
 "Zee moves NCLT, SAIC against Sony Pictures post collapse of merger deal")
Before Sony merger collapse, Chandra blamed Sebi for trying to scuttle deal
"My concern is the timing of this new notice, and the urgency of the same since it matches with the merger completion timeline of ZEE and Culver Max," he had said in letter to FM
Zee asks Sony Group to withdraw termination of $10 billion merger plan
The company has also approached the National Company Law Tribunal seeking directions to implement the merger, Zee added
Sony moves Singapore court against Zee for breaching merger pact: Report
Zee is likely to counter Sony's claims in the Singapore International Arbitration Centre, including the demand for a $90 million termination fee
Zee nosedives 30% in worst single-day fall after Sony scraps deal
After the deal with Sony was terminated, nearly half a dozen brokerages downgraded Zee's stock while lowering the earnings multiple assigned to the cash-strapped company
 "Zee nosedives 30% in worst single-day fall after Sony scraps deal")
Sony puts large advertisers in tough spot as it terminates merger deal
What probably sank the deal was the insistence by Punit Goenka, Zee's chief executive officer, that he should lead the post-merger entity
Sony scraps $10 bn Zee merger deal; seeks $90 million in termination fees
Zee board to take legal steps to protect stakeholders' interest in arbitration
Analysts downgrade Zee Entertainment stock after Sony deal falls through
In a note, Elara has said the stock could slip to as low as Rs 130, while Nuvama Institutional Equities believes the stock could slip below Rs 200