Terms of the offer
[Mumbai – December 22, 2021] Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) today announced that they have signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries. The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence. After closing, the new combined company will be ... Zee Entertainment Enterprises Ltd (ZEEL) is making a last-ditch attempt to revive its terminated $10 billion merger with Sony Group. After Sony pulled the plug on the deal in January, ZEEL has ... Sony officially terminates $10 billion media merger agreement with ZEE , invoking arbitration. ZEE refutes claims. What led to termination and implications? The Quint spoke to experts to weigh in. The Zee-Sony merger , planned for two years, aimed to create a dominant Indian TV network with over 90 channels spanning sports, entertainment, and news, competing with major players like Walt Disney and Mukesh Ambani's Reliance. Zee 's shares have fallen 27 per cent since the merger was called off.
