Zee Entertainment and Sony Pictures on Wednesday said they have received in-principle approval for a merger that will combine both companies’ linear networks, digital assets, production operations and program libraries.
Zee Entertainment will hold a 47.07 per cent stake, while Sony India will hold a majority stake of 52.93 per cent in the merged company, according to the statement.
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Sony India seeks to take over TV network Zee Entertainment gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
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