Key Points
Shares of Zee Entertainment Enterprises Ltd (ZEEL), which had been receiving a battering in an overall bull market, gained eight per cent on Tuesday following reports that its collapsed talks for a $10 billion merger with Sony Pictures Networks (India) are again being revived...
The news that Zee Entertainment Enterprises is again trying to pick up the threads of its merger talks led to an intense rally in Zee shares with the circuit breaker being applied during mid-day trading after gains breached the 15 per cent mark...
Though Zee Entertainment denied reports that the company was in talks to revive the merger with Sony...
While the Sony Group has started arbitration proceedings at The Singapore Arbitration Center (SIAC) seeking Rs 748.5 crore as termination fee, ZEEL has filed a petition before the National Company Law Tribunal (NCLT), asking Sony Group to implement the merger scheme...
You might be interested in
Singapore arbitrator quashes Sony's request to stop Zee approaching NCLT
04, Feb, 24Sony Group and Zee Entertainment called off their planned media merger in India in January, with the Japanese company accusing Zee to have failed to meet merger agreement conditions. Following the failure, Sony filed an arbitration application in Singapore, seeking a termination fee from Zee.
Zee Entertainment moves NCLT against Sony for calling off merger
24, Jan, 24The company has initiated appropriate legal action to contest Sony's claims of USD 90 million (around Rs 748.5 crore) as a termination fee, for which the Japanese firm has moved the Singapore International Arbitration...
Zee Entertainment refutes reports about termination of the Zee-Sony merger
09, Jan, 24India Business News: Zee Entertainment dismisses rumours about the termination of the $10 billion merger with Sony India. ZEEL is dedicated to ensuring the successful comp
Zee-Sony merger: Deal completion expected to take a few more months
29, Sep, 23Zee-Sony merger faces further delays; the deal is expected to close in the coming months.
Zee Entertainment requests Sony India to extend the deadline for merger
17, Dec, 23Zee-Sony merger: Zee Entertainment has sent a letter to Sony Group Corporation requesting an extension of the timeline of the merger of the two entertainment companies
Zee requests Sony to extend timeline to complete merger
17, Dec, 23In September, Sony had announced a delay in the merger, saying it expected completion 'within the next few months'; on Saturday, two independent directors were unable to secure re-appointment to the board of Zee
ZEE-Sony merger: Zee Entertainment shells out Rs 176 cr on proposed deal
28, Nov, 23Earlier this month it was reported that Sony had requested that Goenka let go of the position of MD and CEO of the merged entity till he gets cleared by market regulator Sebi.
Sony's claims regarding merger, termination fee not tenable: Zee Entertainment in Q3 report
13, Feb, 24In January, Culver Max Entertainment (previously Sony Pictures Network India) called off the $10-billion merger with ZEEL after it claimed that Zee failed to meet some financial terms of the deal and come up with a plan to address them.
Zee to take legal action against Sony for scrapping merger deal
22, Jan, 24Sony has announced the termination of its 2021 merger agreement with Zee and is seeking $90 million in termination fees. Zee, in response, refuted the claims made by Sony and emphasized its commitment to protecting stakeholders' long-term interests. Zee is evaluating options and plans to contest Culver Max and BEPL's claims through legal action and arbitration proceedings to safeguard its position.
Zee expands scope of advisory panel to include investigation assessment
28, Feb, 24New Delhi, Feb 27 (PTI) Zee Entertainment Enterprises Ltd on Tuesday said its board has expanded the scope of independent advisory panel to include investigation assessment. The announcement by the company comes amid the ongoing probe by market regulator Sebi against its promoters for fund diversion. Last week, the company announced constituting of independent advisory […]