Sony pictures networks India and Zee entertainment agree merger oyetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oyetimes.com Daily Mail and Mail on Sunday newspapers.
ZEEL, Sony to Merge, But Hinges on Shareholder Nod Amid Row with Invesco, OFI Global indiawest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiawest.com Daily Mail and Mail on Sunday newspapers.
DNA Explainer: What you should know about ZEEL-Sony mega merger - The combined entity of ZEEL-SPNI will operate a network of 75 channels accounting for around 26% viewership share. SPNI will infuse USD 1.57 billion.
Indian shares inched higher on Wednesday, helped by tech and auto stocks, while media firm Zee Entertainment soared after receiving board approval for its merger with Sony Pictures Networks India.
The ZEEL Board concluded that the "merger will be in the best interest of all the shareholders and stakeholders and it is in line with ZEEL’s strategy of achieving higher growth and profitability as a leading Media & Entertainment Company across South Asia.''