Page 9 - Latest Updates on Sony
Sony to launch PlayStation 5 Slim in India on April 5: Know price, details
Launched last year in US, the Sony PS5 Slim boasts a sleek design and is offered in up to 1TB on-board storage
 "Sony to launch PlayStation 5 Slim in India on April 5: Know price, details")
Zee Entertainment should cut costs in profit pursuit, says panel
The committee has also advised halving the costs at Zee's technology and innovation centre in fiscal 2025, from the 6 billion rupees ($72 million) a year back, Zee said
 "Zee Entertainment should cut costs in profit pursuit, says panel")
Dell Laptops continues to be India's most trusted brand, says report
The technology company was followed by auto company Honda and e-commerce giant Amazon
 "Dell Laptops continues to be India's most trusted brand, says report")
Sony withdraws agreement to merge India operations with Zee from NCLT
While the court filings officially bring the curtain down on the long-drawn saga that was beset by delays, drama over who'll lead the merged entity and a regulatory probe on Zee's founders
 "Sony withdraws agreement to merge India operations with Zee from NCLT")
Sony to lay off 900 PlayStation unit employees, shut studio in London
The global videogame market grew just 0.6% last year to $184 billion, according to industry tracker Newzoo, though that was better than a decline of more than 5% in 2022
 "Sony to lay off 900 PlayStation unit employees, shut studio in London")
Zee forms independent advisory panel to curb erosion of investor wealth
The market capitalisation of the company declined Rs 979.73 crore to Rs 16,645.80 crore during the period
 "Zee forms independent advisory panel to curb erosion of investor wealth")
Zee refutes report of Rs 2,000 crore accounting 'hole', calls it 'false'
A report on Wednesday said that the market regulator has found a "hole" of more than Rs 2,000 crore in the accounts of Zee Entertainment Enterprises Ltd
 "Zee refutes report of Rs 2,000 crore accounting 'hole', calls it 'false'")
Another blow to Zee Entertainment: Sebi uncovers $241 mn accounting issue
As part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, found that about Rs 2,000 crore ($241 million) may have been diverted from the company
 "Another blow to Zee Entertainment: Sebi uncovers $241 mn accounting issue")
Zee Entertainment reaches out to Sony to revive terminated merger
Another source said ZEEL never stopped working for a possible reconciliation dialogue citing that it was ZEEL that moved to NCLT to make the merger happen
 "Zee Entertainment reaches out to Sony to revive terminated merger")
Zee, Sony in discussions to save the called off $10 billion merger: Report
Sony-Zee merger: Punit Goenka, managing director and chief executive officer at ZEEL, has agreed to Sony's demand of him not becoming the CEO of the merged entity
 "Zee, Sony in discussions to save the called off $10 billion merger: Report")
Prime Video, Sony Pictures launch add-on service Stream at Rs 399
Sony Pictures Stream will offer SPE's movies and show on Prime Video Channels and its subscribers for an add-on introductory annual subscription of Rs 399
 "Prime Video, Sony Pictures launch add-on service Stream at Rs 399")
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
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
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
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")