Zee-Sony Merger: NCLT Mumbai agrees to hear Zee's plea seeking implementation of mega media deal - Brand Wagon News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Sony Group s India units, Culver Max Entertainment and Bangla Entertainment, have challenged the maintainability of Zee Entertainment Enterprises application for the merger scheme before the National Company Law Tribunal (NCLT). The NCLT has combined Zee s plea with that of its shareholder, Mad Man Film Ventures, and scheduled a hearing for March 12. Mad Man Film Ventures has also approached the NCLT seeking the implementation of the merger scheme.
NCLT directs Sony to reply to Zee's merger plea within two weeks: Best Media Info bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.
In 2021, Sony and Zee entered a deal to create a $10 billion entertainment firm. However, their talks fell through and Sony called off the deal in January 2024.