Page 6 - Latest Updates on Sony
Sony Board to take call on $10 billion merger with Zee Entertainment today
Zee MD and CEO Punit Goenka has offered to step down from his chief executive role, ahead of the deadline for the merger deal on January 20
The merger drama in television
With India hardly being a hot destination for media investments, the twists and turns in the Sony-Zee merger deal is bad news for the industry
 "The merger drama in television")
Sony Group continues talks on merger with Zee amid reports on disputes
Sony Group and Zee Entertainment have faced disputes over the choice of the merged unit's CEO. However, terms of the deal are expected to be clarified by January 21
 "Sony Group continues talks on merger with Zee amid reports on disputes")
Zee-Sony merger may be called off, termination notice to be filed by Jan 20
Discussions are still ongoing between the two sides and a resolution can still emerge before the deadline
 "Zee-Sony merger may be called off, termination notice to be filed by Jan 20")
Sony launches athletes-focused Float Run headphones in India: Details here
The Float Run headphones are now available at Sony Center website and other e-commerce platforms at Rs 10,990
 "Sony launches athletes-focused Float Run headphones in India: Details here")
Blackstone to buy major stake in Sony Payment Services for $280 mn
Blackstone Inc. will take a majority stake in a payment service provider under Sony Group Corp. for about $280 million, a person familiar with the matter said
 "Blackstone to buy major stake in Sony Payment Services for $280 mn")
Sony, Zee have one-month grace period to complete $10 billion merger
The grace period, as well as the talks on a further deadline extension, are keeping hopes alive for a two-year-old transaction that has already seen ample drama and delays
 "Sony, Zee have one-month grace period to complete $10 billion merger")
Sony sold over 50 million Play Station 5 gaming consoles over three years
Sony's games business was its largest unit by sales and the second-biggest contributor to operating profit after music in the last financial year
 "Sony sold over 50 million Play Station 5 gaming consoles over three years")
Sony's video game plans leaked by Rhysida ransomware group: Report
Sony-owned Insomniac Games' more than 1.3 million files, including game roadmaps, budgets and information about an upcoming "Wolverine" title, have been leaked online by the Rhysida ransomware group
 "Sony's video game plans leaked by Rhysida ransomware group: Report")
Zee Ent slips 4% as it seeks to extend deadline for merger with Sony
The request to extend the deadline comes just a day after two independent directors were unable to secure the re-appointment of the company's board
NCLAT refuses to stay Zee-Sony merger, case now to be heard in January
IDBI Bank and Axis Finance had challenged the August 10, 2023, order of the Mumbai bench of the National Company Law Tribunal (NCLT), which approved the Zee-Sony merger
Why large consumer brands have a lot at stake in Disney, Sony deals
The first of these two transactions may come as early as Monday and would see Walt Disney Co. enter into a non-bidding agreement with Mukesh Ambani to merge their media businesses in the country
 "Why large consumer brands have a lot at stake in Disney, Sony deals")
Sony PlayStation VR2 virtual reality headset launched in India: Details
The PlayStation VR2 headset boasts Sony's Tempest 3D AudioTech, which allows in-game audio to adapt to players position and head movement
 "Sony PlayStation VR2 virtual reality headset launched in India: Details")
Sony confident for double-digit growth in India, helped by premiumisation
"FY24 is also looking very promising. We are looking forward to a growth of 15 to 20% as an overall company and of course, needless to say, profitability is also going to be good," Nayyar told PTI
 "Sony confident for double-digit growth in India, helped by premiumisation")
Zee-Sony merger: IDBI Trusteeship files appeal against Chandra at NCLAT
The appeal challenges the National Company Law Tribunal (NCLT) Mumbai order rejecting IDBI trusteeship's objection to the merger
 "Zee-Sony merger: IDBI Trusteeship files appeal against Chandra at NCLAT")
Sony-Zee merger risks collapse ahead of its deadline over CEO drama
Zee is insisting that its Chief Executive Officer Punit Goenka - also its founder's son - will helm the new entity, as agreed in the pact signed in 2021, while Sony is wary of his appointment
Sony to integrate in-camera authentication into Xperia smartphones: Report
Sony has confirmed that this feature will be released as a firmware update for the upcoming Alpha 9 III, Alpha 1, and Alpha 7S III mirrorless cameras
 "Sony to integrate in-camera authentication into Xperia smartphones: Report")
Sony is testing in-camera authentication to validate original content
The feature will safeguard the authenticity of captured images and provide an extra layer of security to aid news agencies
Sony faces $7.9 billion mass lawsuit over PlayStation Store prices in UK
Sony Interactive Entertainment (SIE) was sued last year on behalf of nearly nine million people in the United Kingdom who had bought digital games or add-on content through Sony's PlayStation Store
 "Sony faces $7.9 billion mass lawsuit over PlayStation Store prices in UK")
Sony announces The Last of Us Part II Remastered for PS5: Details here
The Last of Us Part II Remastered brings graphic enhancements, new survival mode and a host of playable characters that were not available in the original
 "Sony announces The Last of Us Part II Remastered for PS5: Details here")
