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.
The Singapore International Arbitration Centre (SIAC) has denied the application for emergency interim relief filed by Sony against Zee Entertainment.The Emergency Arbitrator has passed an award dated February 4, 2024 denying the application .
Emergency Arbitrator Denies Sony s Application Against Zee menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The Singapore International Arbitration Centre (SIAC) denies emergency interim relief to Sony Group companies against Zee Entertainment Enterprises. SIAC s emergency arbitrator states that the National Company Law Tribunal (NCLT) is the appropriate forum. Legal experts confirm that arbitration proceedings regarding Zee s obligation to pay $90 million in termination fees to Sony will continue.
Sony s plea seeking to restrain Zee over merger denied thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.