Once Zee and Sony are merged, the new company will compete with Disney Star and Viacom18 for a larger share of advertising revenue and more content, according to media experts
Analysts believe that the approval paves way for the consummation of the merger by Q4 of this fiscal year.
Sony and Zee confirm development, say awaiting remaining regulatory approvals
Says the cricket governing body must explain PwC's exit from the auction process
'Garfield' is written by the 'Finding Nemo' writer David Reynolds and is helmed by the 'Chicken Little' maker Mark Dindal
Merged entity to retain Zee's stock market listing, though Sony would provide large cash injection and hold 51% stake
Japanese giant Sony on Friday warned weaker sales of its PlayStation (PS) gaming consoles ahead, along with reducing its annual profit outlook, as it closed the $3.7 billion acquisition of Bungie
Being quiet is a strength, otherwise I wouldn't have survived, says Singh
ZEEL's current CEO and managing director, Punit Goenka, will lead the combined company
ZEE falls 5% after inking merger pact with Sony Pictures, trims losses later; Metro Brands makes a tepid debut with 13% discount; RateGain Travel Technologies surges 28% in two sessions, hits new high
The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence.
Smallcaps, sugar stocks and shares of recently listed companies like Paytm, SJS Enterprises, Fino Payments Bank and PolicyBazaar were in demand
In the past two days the stock has rallied 13% to Rs 336.20, and is closer to its 52-week high of Rs 362.85
ZEEL board has three weeks to call the EGM
The most important part of the deal is the $1.57 billion that will be infused into the new entity by Sony
Chandra family to hold 4% stake in merged firm, with option to increase it to 20%
As part of the transaction, Punit Goenka will continue to be the managing director and chief executive officer (CEO) of the merged entity
Zee, Shemaroo among new entrants; response to Covid-19, say experts
All producers working with SPN have been asked to strictly comply with all guidelines issued by the government and local authorities
The match, to be played at the Junction Oval, Melbourne to raise funds for the victims of the bushfires in Australia, will be telecast live and on Sony Six and Sony Ten 1 channels from 9:45 am onwards