(Bloomberg) In November, Sony Group Corp.’s lawyers got a nasty surprise during a routine call from the legal team of Zee Enterprises Entertainment Ltd.Most Read from BloombergUpbeat Musk Can’t Soothe Tesla Investors’ Fears About GrowthRussia Says Ukraine Downed Plane Carrying Prisoners for SwapBoeing Halted From Further Max Production Increases by FAAHow Yemen’s Houthi Attacks Are Hurting the Global Supply ChainNearly two years into tortuous merger negotiations to create a $10 billion Indian
A game of bluff scuttled Sony-Zee s plans to create $10 billion media giant - Industry 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 Corp. s lawyers were surprised when Zee Enterprises Entertainment Ltd. requested a hold harmless clause for its CEO, Punit Goenka, during the merger negotiations to create a $10 billion Indian entertainment giant. Goenka was worried that Sony would start a witch hunt against him after the merger. The deal eventually fell through, highlighting the challenges faced by foreign companies in the Indian entertainment market. The collapse of the deal gives an advantage to the potential combination of Walt Disney Co. and Reliance Industries Ltd., creating India s largest entertainment company.
IN November, Sony Group Corp.’s lawyers got a nasty surprise during a routine call from the legal team of Zee Enterprises Entertainment Ltd. Nearly two years into tortuous merger negotiations to create a $10 billion Indian entertainment giant, Zee wanted the Japanese company to agree to a so-called “hold harmless”…
(Bloomberg) In November, Sony Group Corp.’s lawyers got a nasty surprise during a routine call from the legal team of Zee Enterprises Entertainment Ltd.Most Read from BloombergApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028Russia Says Ukraine Downed Plane Carrying 65 Prisoners for SwapTrump Races Toward 2024 Biden Rematch After New Hampshire WinChina Weighs Stock Market Rescue Package Backed by $278 BillionNearly two years into tortuous merger negotiations to create a $