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CCI gives conditional nod to Zee-Sony merger, formal order awaited

Sony and Zee confirm development, say awaiting remaining regulatory approvals

CCI
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CCI is likely to first issue a one-page order before a detailed order is released in about four to six weeks, Nanda said

Viveat Susan Pinto Mumbai
The Competition Commission of India (CCI) on Tuesday granted conditional approval to the proposed merger of Zee Entertainment Enterprises (ZEEL) with Sony Pictures Networks (SPN) India.
 
A statement from SPN and Zee confirmed the approval. 
 
“We are delighted to receive CCI approval to merge ZEEL with SPN. We will now await remaining regulatory approvals to finally launch the new merged company, which will create extraordinary value for Indian consumers,” read the statement from Sony.
A statement from Zee said that CCI had granted the approval in Phase 1 after evaluating the official legal and economic submissions made by the company.
 
“Considering

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First Published: Oct 04 2022 | 8:34 PM IST

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