Zee sony merger: Sony 's Indian arm has scrapped a

Sony 's Indian arm has scrapped a planned merger with Zee Entertainment which would have formed one of India's largest entertainment groups. The $10bn merger , first announced two years ago, was set ... Honourable NCLT approved the scheme of merger of Zee and Sony after what could only be a roller coaster ride for both the management. [Mumbai – December 22, 2021] Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) today announced that they have signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries. The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence. After closing, the new combined company will be ... [By Jose S Jose] The author is a student of The National University of Advanced Legal Studies (NUALS), Kochi. INTRODUCTION In a significant stride within the entertainment industry, NCLT (National Company Law Tribunal) Mumbai recently granted approval for the merger of Zee Entertainment Enterprises and Culver Max Entertainment, previously known as Sony Pictures Networks India. This transformative green light not only ushers in the possibility of a formidable entertainment giant commanding ...