Sony Zee Merger – Timeline Daily

As SEBI Finds An Accounting Gap Of $240 Million In ZEE Entertainment, ZEE Stocks Tank

21Feb

Business

As SEBI Finds An Accounting Gap Of $240 Million In ZEE Entertainment, ZEE Stocks Tank

A report on the Zee Entertainment claimed that Securities and Exchange Board Of India (SEBI), has found that, the company’s books has a $240 million, i.e., Rs 2,000 crore 'accounting hole' in it. With the news of SEBI’s move, the stocks of the company has tanked by ten percent today in the morning. ...

New Development In Zee-Sony Merger Saga; This Time A Request

24Jan

Business

New Development In Zee-Sony Merger Saga; This Time A Request

On Wednesday, news agency Reuters reported that Indian media-cum-general entertainment conglomerate Zee Entertainment has requested Sony Group to reverse the termination of the $10 billion merger between their local unit and the Indian broadcaster. Additionally, Reuters has also reported that Zee ha...

“Sign From The Lord”: Zee CEO Punit Goenka On Sony Deal Collapse

22Jan

Business

“Sign From The Lord”: Zee CEO Punit Goenka On Sony Deal Collapse

In a surprising turn of events, Sony Group, the Japanese entertainment giant, has reportedly sent a termination letter to Zee Entertainment, signaling the end of the much-anticipated $10 billion merger deal between its India unit and the media network. Bloomberg, citing insider sources, disclosed on...

Sony Calls Off Merger Deal With Zee: Report

22Jan

Business

Sony Calls Off Merger Deal With Zee: Report

Japan's Sony Group has reportedly sent a termination letter to Zee Entertainment, informing it of its plans to call off the merger deal between its India unit and the media network. Bloomberg reported on Monday that the Japanese entertainment giant has cited unmet conditions of the merger agreement ...