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Zee saw massive selling pressure after the brokerages downgraded the media stock following a painful end to an overstretched drama surrounding the $10 billion merger with Sony. ....
India Business News: MUMBAI: The stock price of Zee Entertainment crashed 33% in Tuesday's trade after the company's proposed $10-billion-merger with Japan-based global me. ....
Several foreign investors have sold their stakes in Zee Entertainment over the past two years since the merger agreement was announced. Several retail investors are now grouping together to push for a change in the media giant s management ....
India Business News: Sony Group Corp has officially terminated the merger with Zee Entertainment Enterprises Ltd, leaving Zee vulnerable to competition as rivals bulk up. The termination follows a stalemate between the companies over the leadership dispute. ....
Earlier today, Sony, in a notice, stated that it is seeking a termination fee of $90 million from Zee Entertainment, claiming that the company has violated the terms of the agreement. ....