Tag: zee

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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Nation

Zee seeks $90 million termination fee from Sony for calling off merger

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Zee seeks million termination fee from Sony for calling off merger

ZEEL has, on account of Culver Max’s and BEPL’s breaches under the Merger Cooperation agreement, terminated the MCA by issuing a letter dated May 23, 2024.  | Photo Credit: Reuters Zee Entertainment Enterprises has sought a termination fee of $90 million (around ₹748.7 crore) from the Sony Group for calling off the $10 billion merger…

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Business

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Zee Entertainment logo | Photo Credit: Reuters ZEE Entertainment Enterprises Ltd on Tuesday said it has withdrawn its application, seeking implementation of the merger with Sony, filed before the National Company Law Tribunal Mumbai bench.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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Business