Page 7 - Zee Entertainment

Working towards successful closure of merger with Sony: Zee Entertainment

Zee Entertainment Enterprises Ltd (ZEEL) on Friday said it is continuing to work towards a successful closure of its USD 10 billion merger with Culver Max Entertainment, formerly known as Sony Pictures Networks India, amid reports that the Japanese entity's board meeting to take a call on the fate of the protracted deal. In a regulatory filing, ZEEL said it was "not aware of, and cannot comment on" any board meeting held or proposed to be held by Culver Max Entertainment, given that these are internal matters of Sony. "We wish to reiterate that the Company is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger and is engaging in good faith negotiations with Sony with a view to discuss the extension of the date required to make the Scheme effective, by a reasonable period of time," it said. The fate of the USD 10 billion merger between ZEEL and Culver Max Entertainment is hanging by a slim thread with the two parties yet to

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

SC refers Zee-Aditya Birla dispute to arbitration, upholds Delhi HC order

Chief Justice of India DY Chandrachud also dropped Siti Network from the lineup of parties in the arbitration proceedings as it has already gone into insolvency

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

Zee Entertainment shares plunge 8%, market valuation falls by Rs 2,036 cr

Shares of Zee Entertainment Enterprises tanked nearly 8 per cent on Tuesday amid uncertainty over the fate of the USD 10 billion merger between the company and Culver Max Entertainment, formerly Sony Pictures Networks India. The stock tumbled 12.66 per cent to Rs 242.30 during the day on the BSE. It ended at Rs 256.25 apiece, lower by 7.64 per cent. On the NSE, the stock plunged 13.60 per cent to Rs 240.30 during the day. Shares of the company ended at Rs 255.95 each, down 7.98 per cent. The company's market valuation fell by Rs 2,036.3 crore to Rs 24,613.31 crore. In volume terms, 105.74 lakh shares of the company were traded on the BSE and over 15.72 crore shares on the NSE during the day. The fate of the USD 10 billion-merger between Zee Entertainment Enterprises and Culver Max Entertainment is hanging by a thread, with the two parties unable to finalise an agreement as the end of the one-month grace period looms. The two parties are yet to come to an agreement over Zee ...

Zee reported to have missed $200 mn cricket fee deadline to Disney

The Indian entertainment company was betting on the TV rights to retain its viewership and attract more advertisers in the cricket-crazy nation of more than 1.4 billion people

Zee Ent tanks 13% in worst day since Feb 2023 as Sony may call off merger

The stock ended off lows after ZEEL issued a clarification and called news of the Zee-Sony merger termination baseless and factually incorrect

'Baseless, factually incorrect': Zee on reports of Sony calling off merger

'Zee is committed to the merger with Sony,' said the company in a BSE filing on Tuesday

Bajaj Auto, IndiGo, Zee: Trading strategies for stocks in news on Tuesday

Zee Entertainment is seen trading below its key moving averages on the daily scale following today's sharp intra-day fall of over 13 per cent, shows chart.

Stocks to Watch: Bajaj Auto, Metropolis, Zee Entertainment, Fino Payments

Stocks to Watch on January 9, 2024: Sony Group Corp is planning to call off the merger pact of its India unit with Zee Entertainment, reported Bloomberg

Sony may call off merger with Zee, send termination notice by Jan 20

Last month, the two companies were given a one-month grace period to close the merger of their India operations

Stocks to Watch: Allcargo Logistics, Mazagon Dock, Cochin Ship, Inox India

Stocks to Watch on December 21, 2023: Inox India will make its debut on the bourses today; Ultratech Cement has entered into an agreement to acquire 26 per cent stake in Clean Max Terra

Stocks to Watch: Nestle, Zee Ent, Apollo Tyres, Sun Pharma, JTL Ind, NHPC

Stocks to Watch on December 19, 2023: Nestle set Jan 5 as the record date for its stock-split; Sony India is unlikely to extend the timeline for its merger with Zee Entertainment, reported Livemint

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

Stocks to Watch today: Zee, Sun Pharma, Lupin, NTPC, PCBL, Care Ratings

Stocks to watch on Monday, December 18, 2023: Shares of Zee Entertainment are likely to be in focus as company seeks an extension to complete the proposed merger with Sony India.

Zee Entertainment seeks deadline extension for finalising Sony merger deal

While the merger between the two companies received the requisite approvals, differences cropped up over who would helm as the chief executive officer of the merged entity

Zee directors lose vote as clock ticks down on Sony deal deadline

Independent directors Sasha Mirchandani and Vivek Mehra "failed to get the requisite majority of votes," the company said in an exchange filing

Disney-Reliance entertainment biz deal may be beset with antitrust issues

If a deal was struck, it would be the second to seismically reshape India's TV and streaming landscape as Japan's Sony also plans to merge its India business with India's Zee Entertainment

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