Another hurdle has emerged in the long-awaited merger between Zee Entertainment Enterprises (ZEEL) and Sony’s India business. Shares in ZEEL fell 4 per cent following news that ZEEL has asked for an extension to the deadline for the merger to take place, according to Reuters. Zee Entertainment said in separate regulatory filing on December 16th […]

The long-running saga between Sony Pictures Networks India (now called Culver Max Entertainment) and Zee Entertainment Enterprises (ZEEL) is reportedly close to a decision. But it is currently anyone’s guess as to who will head up the combined company. Indeed, some observers suggest that a decision may not be made by the pre-agreed merger deadline […]

The on-off merger between tow Indian entertainment giant, Zee Entertainment Enterprises (ZEEL) and Sony Corp’s India production and broadcasting divisions is again at risk of collapsing. Local reports say that time is running out to conclude the agreement which – if successful – will create a $10 billion media giant. There are many unresolved issues, […]

A major impediment to the closing of the long-awaited merger between Zee Entertainment and Sony’s Indian channel business has been removed. Indian regulator, the Securities and Exchange Board of India (SEBI), which had – in effect – banned Punit Goenka, the current MD/CEO at Zee Entertainment Enterprises (ZEEL) has been lifted after an appeal. Goenka […]

The on/off and much-delayed merger plan between Sony Pictures India and Zee Entertainment Enterprises (ZEEL) could wrap during November according to reports out of Mumbai. The merger, which would create an entertainment and media giant in India, has been beset by legal problems and investigations by various regulators. Proposed back in 2021, the merged entity […]

Sony Group has said that the completion of the India merger between Zee Entertainment Enterprises Ltd (ZEEL) and Culver Max Entertainment, which is Sony Pictures Networks India, will take a few more months. The much-awaited merger was previously expected by the end of September. The Zee/Sony merger was approved by the National Company Law Tribunal […]

The much-anticipated $10 billion merger between Zee Entertainment (ZEEL) and Sony’s Indian broadcast assets should complete by December, say reports in India. The plan is for shareholders to get 85 shares of the merged entity for every 100 shares held in ZEEL after the merger. Shares of ZEEL will then be delisted and relisted after […]

Zee Entertainment, in partnership with Global Distribution Services and Synapse TV, has launched its FAST channels Zee World, Zest, Zing and Zee Punjabi on Freeview channel 278, becoming the largest Asian TV network in the UK. The channels offer an array of content, ranging from lifestyle and entertainment to drama and regional programming. With ZEE […]

The latest allegations to hinder the long-awaited merger between Zee Entertainment and Sony’s India assets are that an ‘approval’ for the merger was illegal. Axis Finance has filed a petition to the National Company Law Appellate Tribunal (NCLAT) that the l National Company Law Tribunal (NCLT) which approved the Zee-Sony merger made its decision in […]

India’s Securities and Exchange Board of India (SEBI) will complete its investigation into the case pertaining to Zee Entertainment Enterprises Ltd owners Subhash Chandra and Punit Goenka within 8 months, SEBI Chairperson Madhabi Puri Buch said in a revised order. Until the investigation is complete, Chandra and Goenka will not hold any directorial positions in […]