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Sony-Zee merger can hurt competition, scrutiny needed, says CCI: Report

Zee in a statement said it continues to take all the required legal steps to complete all the necessary approval processes for the proposed merger

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Aditya Kalra & Aditi Shah | Reuters
A merger between the Indian unit of Japan's Sony and Zee Entertainment to create a $10 billion TV enterprise will potentially hurt competition by having “unparalleled bargaining power”, the country’s antitrust wa­tchdog found in an initial review, according to an official notice seen by Reuters.

The Competition Commission of India’s (CCI’s) August 3 notice to the two companies stated the watchdog is of the view that a further investigation is merited. Sony and Zee in December decided to merge their television channels, film assets and streaming platforms to create a powerhouse in a key media and entertainment growth market of 1.4

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Aug 31 2022 | 7:44 PM IST

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