Page 5 - Merger

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 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 vows growing India media presence despite aborted merger in letter

"Let's turn our attention back to the heart of our work - our current projects, our fantastic team, and the audiences who count on us," Singh said,

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

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

Since the announcement of the merger, Zee shares have lost 30 per cent of their value

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

Rs 2.1 trillion media landscape to hot up after Sony-Zee divorce

Zee's seemingly endless legal issues mean no foreign company is likely to show interest in the firm

Sunoco to buy NuStar Energy in $7.3 bn deal as it expands midstream biz

The equity portion of the deal comes up to $2.99 billion, and NuStar's shareholders stand to receive 0.400 of a Sunoco share for each NuStar unit they hold, valuing Sunoco's shares at $23.78

ZEEL spent Rs 366 crore on compliances for its now-failed merger with Sony

Zee Entertainment Enterprises Ltd (ZEEL) spent Rs 366.59 crore on compliances till September 2023 for its now-failed merger with Sony, which called off the deal on Monday. The company had spent Rs 176.20 crore in the financial year that ended in March 2023. Besides, it spent Rs 190.39 crore in the first six months of the current fiscal, according to a regulatory filing by the Subhash Chandra family-promoted media entity. After signing an agreement, ZEEL was racing to receive a series of regulatory clearances from SEBI, CCI, ROC, etc. It also got a go-ahead from the National Company Law Tribunal after receiving approvals from shareholders and creditors and closed all formalities for the merger. However, Sony Group Corp on Monday called off the USD 10 billion merger of its India unit with Zee Entertainment, following a stalemate over who will lead the merged entity, besides not satisfying other conditions for the merger. It sent a termination notice to Zee on the deal, which was ...

Sony notifies Zee Entertainment about its plans to call off the merger

Sony cited conditions of the merger agreement not being met as the reason for the termination, according to the letter seen by Bloomberg.

CCI approves proposed amalgamation involving Shriram Group entities

Fair trade regulator CCI on Tuesday cleared the proposed combination involving the merger of various entities of the Shriram Group. The proposed combination relates to the amalgamation of Shriram GI Holdings Pvt Ltd with Shriram General Insurance Company Ltd. Shriram General Insurance Company is a joint venture between Shriram Capital and Sanlam Ltd (South Africa). It is an Irdai-licensed company, offering a wide range of general insurance solutions. "CCI approves the proposed amalgamation of Shriram GI Holdings Private Limited with Shriram General Insurance Company Limited," the regulator said in a post on social media platform X. The competition watchdog also granted its approval to the proposal for the merger of Shriram LI Holdings Pvt Ltd with Shriram Life Insurance Company Ltd. Shriram Life Insurance Company is jointly promoted by Shriram Group and South Africa-based financial services firm Sanlam Group. The Shriram Group is one of the largest and well-respected financial ..

'Baseless, factually incorrect': Zee on reports of Sony calling off merger

'Zee is committed to the merger with Sony,' said the company in a BSE filing on Tuesday

Zee-Sony merger may be called off, termination notice to be filed by Jan 20

Discussions are still ongoing between the two sides and a resolution can still emerge before the deadline

Merger with Congress: YS Sharmila to meet AICC leadership in Delhi on Jan 3

Y S Sharmila, founder of YSR Telangana party, will travel to Delhi on Wednesday to finalise the merger of her party with the Congress, sources here said on Tuesday. Sharmila, who chaired her party meeting today, said she and other leaders will meet the top leadership of the Congress including AICC President Mallikarjun Kharge and Rahul Gandhi and make a "crucial" announcement in Delhi tomorrow. Sharmila is the daughter of former chief minister of undivided Andhra Pradesh, the late Y S Rajasekhara Reddy, and younger sister of Andhra Pradesh chief minister Y S Jagan Mohan Reddy. Sources told PTI that Sharmila will be given a post in Congress at the national level and is likely to be made in-charge of elections for Southern states after the merger of YSRTP with Congress. Everything will be clear in one or two days. Please be patient, she told reporters after the meeting, when asked. The Congress leadership assured Sharmila that her colleagues in Telangana will be suitably placed, the

Tata Coffee, Tata Consumer Products merger to be effective from January 1

Tata Coffee will merge with Tata Consumer, TCPL Beverages on January 1, the company said in its exchange filing on Thursday

Zee, Sony enter into discussion on extension of deadline to complete merger

Sony Group Corp and Zee Entertainment Enterprises Ltd have entered into a discussion to extend the deadline for merging their India operations, keeping hopes alive of creating a $10 bn media behemoth

Why large consumer brands have a lot at stake in Disney, Sony deals

The first of these two transactions may come as early as Monday and would see Walt Disney Co. enter into a non-bidding agreement with Mukesh Ambani to merge their media businesses in the country

Woodside in talks with Santos to form $52 billion Australian gas giant

Santos says it's exploring a range of alternative structural options