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Deadline over; Sony not keen to extend good faith negotiations with Zee $10 bn merger terminated

Zee Sony merger: Sony Group Corp is unlikely to extend merger negotiations with Zee Entertainment Enterprises Ltd. The termination notice of the proposed $10 billion merger between Sony and Zee is said to have been sent.

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Zee Entertainment: Rebellion in the ranks: Zee Entertainment s shareholders huddle to remove Punit Goenka, chairman Gopalan from board, to seek Sebi intervention

As part of its ongoing investigation against key management personnel of Zee Entertainment Enterprises Ltd (ZEEL), including CEO and MD Punit Goenka, SEBI has questioned some former directors regarding their steps to protect minority shareholder rights amid the failed Sony merger.

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Deadline over; Sony not keen to extend good faith negotiations with Zee, $10 billion merger likely terminated

A formal communication calling off the mega amalgamation, first announced in December 2021, is expected to be sent to the Tokyo exchanges in the next 48 hours. Failure to comply with pre-agreed conditions and failing financial health of Zee were likely key triggers for the termination.

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Sony-Zee Impending $10b Marriage on the Rocks

Sony Group Corp is close to calling off a proposed $10-billion merger between its local unit and Zee Entertainment Enterprises Ltd (ZEEL)—first announced two years ago in a bid to create Indias largest broadcast company

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Miles Morales Animated In Spider-Punk s Style From Across The Spider-Verse Looks So Damn Cool

Miles Morales Animated In Spider-Punk s Style From Across The Spider-Verse Looks So Damn Cool
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