Page 8 - Zee Entertainment

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

Zee: DIIs and unitholders' interests

Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock

TMS Ep616: Zee-Sony merger, cookieless market, interim Budget, stress test

Has Zee run out of options after merger collapse? Are Indian businesses ready for a cookieless market? What do investors expect from interim Budget? What is stress testing in finance? Answers here

Zee Entertainment mulls filing counterclaims against Sony India in SIAC

Legal experts say Zee took several steps to merge the companies which resulted in litigation costs

Zee walks back on $1.4 bn TV cricket rights deal with Disney: Report

Zee in August told Indian stock exchanges it had signed a strategic licence agreement with Disney to take over certain International Cricket Council TV broadcast rights

F&O expiry: Nifty ends Jan series near 21,350; Sensex drops 360 pts

Stock market highlights on January 25, 2024: The frontlines were dragged by Tech M, Axis Bank, Bharti Airtel, HCL Tech, Kotak Bank, HDFC Bank, Wipro, Asian Paints

A game of bluff scuttled Sony-Zee's plans to create $10 bn media giant

While Sony's India head sought to rally the morale of his employees in a letter Wednesday, it was thin on details on how it plans to fend off rivals

Stocks to Watch today: Bajaj Auto, Tata Steel, Tech M, TVS Motor, IOC, BoB

Stocks to watch on Thursday, January 25, 2024: Among companies announcing Q3 results yesterday, Tata Steel reported a turnaround while IOC and Ceat postged a 10-fold and 5-fold jump in net profit.

Before Sony merger collapse, Chandra blamed Sebi for trying to scuttle deal

Days before Sony Group pulled the plug on the USD 10 billion deal, Zee group founder Subhash Chandra had written to Finance Minister Nirmala Sitharaman, blaming Sebi for trying to "scuttle" the merger of its flagship media firm Zee Entertainment Enterprise with the Japanese firm and subsequent investment in the merged entity. Alleging market regulator Sebi is "acting with a predetermined mind", the Zee group patriarch requested the finance minister to take the necessary steps "to safeguard the interest of the minority shareholders of ZEEL". Chandra in his letter dated January 16, seen by PTI, said ZEEL and all other people have been cooperating in the investigation related to the alleged fund diversion by promoters and expressed concern over a new notice issued by the market regulator to former directors of ZEEL. "My concern is the timing of this new notice, and the urgency of the same since it matches with the merger completion timeline of ZEE and Culver Max," he said. The notice

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

Zee plummets 30% as Sony calls off merger; CLSA downgrades stock to 'sell'

With Zee-Sony merger being terminated, we believe Zee's price-to-earnings (PE) will slump back to 12x levels, seen prior to the Sony merger announcement, CLSA said

Stocks to Watch today: Zee, Cipla, MRPL, Axis Bank, Medi Assist, JSW Group

Stocks to watch on Tuesday, January 23, 2024: Zee Entertainment in focus as Sony India calls-off merger; Axis Bank, Havells, JSW Energy, L&T Housing Finance, RECL and Tata Elxsi to Q3 results today.

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

BSE 200 scorecard: From IGL to Zee, reading the tea leaves from FPI move

Krishna Kant and Ram Prasad Sahu track the investments made by foreign portfolio investors in BSE 200 companies - a move that is seen as pivotal to the future of a stock on bourses