Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises (Zeel) announced early on Wednesday that they have signed definitive agreements to merge Zeel with and into SPNI and combine their linear networks, digital assets, production operations, and program libraries.
Zee Entertainment Enterprises Ltd. and Sony Pictures Networks India Private Limited have entered definitive agreements to integrate ZEEL with and into SPNI, combining their linear TV networks, digital assets, production operations, and programming libraries. The combined business will keep Zee's Indian stock market listing. Sony, on the other hand, will give a large capital injection…