Page 5 - Latest Updates on Sony
SIAC cites lack of jurisdiction, rejects Sony's plea against Zee Ent
The Singapore arbitration panel cites lack of jurisdiction for rejection
 "SIAC cites lack of jurisdiction, rejects Sony's plea against Zee Ent")
'Sony, Zee clash over Russia assets, cricket before India merger collapse'
The communications between Sony's legal and M&A executives in India and Los Angeles with top Zee executives provide undisclosed details on the high-stakes backroom tussle
 "'Sony, Zee clash over Russia assets, cricket before India merger collapse'")
Zee Entertainment, Sony Pictures square off in SIAC, starting today
NCLT grants 3 weeks to Sony to file reply
Sony scrapped $10 bn merger as Zee failed to meet financial terms: Report
India's Zee denied the allegations in a letter to Sony, also reviewed by Reuters, and accused the Japanese company of "bad faith" in calling off the merger
 "Sony scrapped $10 bn merger as Zee failed to meet financial terms: Report")
Promoter family to increase stake in Zee to 26% eventually: Subhash Chandra
Chandra also said that as a promoter, he was "seriously considering" filing a criminal case against Sony
 "Promoter family to increase stake in Zee to 26% eventually: Subhash Chandra")
TMS Ep616: Zee-Sony merger, cookieless market, interim Budget, stress test
Has Zee run out of options after merger collapse? Are Indian businesses ready for a cookieless market? What do investors expect from interim Budget? What is stress testing in finance? Answers here
 "TMS Ep616: Zee-Sony merger, cookieless market, interim Budget, stress test")
Disney Star mulls legal action against ZEEL for backing out from deal
According to the sources, this is a fallout of the collapse of its merger deal with Sony
 "Disney Star mulls legal action against ZEEL for backing out from deal")
Zee Entertainment mulls filing counterclaims against Sony India in SIAC
Legal experts say Zee took several steps to merge the companies which resulted in litigation costs
Before Sony merger collapse, Chandra blamed Sebi for trying to scuttle deal
"My concern is the timing of this new notice, and the urgency of the same since it matches with the merger completion timeline of ZEE and Culver Max," he had said in letter to FM
Zee moves NCLT, SAIC against Sony Pictures post collapse of merger deal
Meanwhile, Sony India is going full steam ahead with its plans without Zee and said it is looking for both organic and inorganic growth opportunities in India
 "Zee moves NCLT, SAIC against Sony Pictures post collapse of merger deal")
Zee asks Sony Group to withdraw termination of $10 billion merger plan
The company has also approached the National Company Law Tribunal seeking directions to implement the merger, Zee added
Sony moves Singapore court against Zee for breaching merger pact: Report
Zee is likely to counter Sony's claims in the Singapore International Arbitration Centre, including the demand for a $90 million termination fee
Zee nosedives 30% in worst single-day fall after Sony scraps deal
After the deal with Sony was terminated, nearly half a dozen brokerages downgraded Zee's stock while lowering the earnings multiple assigned to the cash-strapped company
 "Zee nosedives 30% in worst single-day fall after Sony scraps deal")
Sony puts large advertisers in tough spot as it terminates merger deal
What probably sank the deal was the insistence by Punit Goenka, Zee's chief executive officer, that he should lead the post-merger entity
Rs 2.1 trillion media landscape to hot up after Sony-Zee divorce
More consolidation on cards as players bulk up to fight Google, Meta and other tech-media giants
 "Rs 2.1 trillion media landscape to hot up after Sony-Zee divorce")
ZEEL spent Rs 366 crore on compliances for its now-failed merger with Sony
Zee Entertainment Enterprises Ltd (ZEEL) spent Rs 366.59 crore on compliances till September 2023 for its now-failed merger with Sony, which called off the deal on Monday.
Analysts downgrade Zee Entertainment stock after Sony deal falls through
In a note, Elara has said the stock could slip to as low as Rs 130, while Nuvama Institutional Equities believes the stock could slip below Rs 200
Sony-Zee merger: ZEE promises legal action over termination notice
Culver Max and BEPL sent a termination notice with a $90 million fee to ZEEL after Sony cancelled the merger deal valued at $10 billion
Sony scraps $10 bn Zee merger deal; seeks $90 million in termination fees
Zee board to take legal steps to protect stakeholders' interest in arbitration
Sony-Zee merger timeline: How leadership dispute ended the $10 bn deal
Sony Group Corp has called off its merger with Zee after nearly two years of negotiating the $10 billion deal, which was set to become India's fourth-largest media house
