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Zee, Sony Amicably Settle Disputes Over Failed Merger, To Withdraw Claims

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Zee, Sony Amicably Settle Disputes Over Failed Merger, To Withdraw Claims

ZEEL and SPNI had agreed to merge on December 22, 2021. New Delhi: Zee Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India on Tuesday said they have settled their six-month-long dispute related to the failed USD 10-billion merger and have agreed to withdraw all claims against each other. As part of the “comprehensive non-cash…

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ZEE-Sony merger: NCLT issues notice to Sony

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ZEE-Sony merger: NCLT issues notice to Sony

Zee Entertainment and SONY logos are displayed in this illustration taken, September 1, 2022. | Photo Credit: Reuters The National Company Law Tribunal (NCLT) on Tuesday accepted a petition by a Zee Entertainment shareholder seeking the merger of its Indian entity with Sony, which was called off last week despite regulatory approvals. The Mumbai-bench of…

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