Tag: Zee Sony merger

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 amicably settle disputes over their failed merger, withdraw claims

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Zee, Sony amicably settle disputes over their failed merger, withdraw claims

Representational image of Sony and Zee logos | Photo Credit: Reuters ZEE Entertainment Enterprises Ltd and Sony Pictures Networks India on Tuesday (August 27, 2024) said they have settled their disputes related to the failed $10-billion merger and have agreed to withdraw all claims against each other. The settlement stems from a mutual understanding between…

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Business

Sony Faces USD 90 Million Lawsuit From Zee After Merger Talks Fail

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Sony Faces USD 90 Million Lawsuit From Zee After Merger Talks Fail

Zee Entertainment and Sony Group were in talks of a USD 10 billion merger deal. New Delhi: Zee Entertainment Enterprises has sought a termination fee of USD 90 million (around Rs 748.7 crore) from the Sony Group for calling off the USD 10 billion merger deal in January this year. It has sought termination fees…

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ZEE withdraws from NCLT application to merge operations with Sony

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ZEE withdraws from NCLT application to merge operations with Sony

Zee Entertainment logo | Photo Credit: Reuters ZEE Entertainment Enterprises Ltd on Tuesday said it has withdrawn its application, seeking implementation of the merger with Sony, filed before the National Company Law Tribunal Mumbai bench. The company filed an application with the NCLT on January 24, 2024, seeking directions on the implementation of a composite…

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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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Tribunal lifts ban on Zee’s Goenka on holding key positions

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Tribunal lifts ban on Zee’s Goenka on holding key positions

File picture of Punit Goenka The Securities Appellate Tribunal on Monday lifted the ban on Zee Entertainment top boss Punit Goenka to hold board positions in any of the four Zee Group companies, paving the way for him to resume the proposed role in the planned merger between ZEE and the Indian unit of Japan’s…

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