Zee-Sony merger: A win-win for both strategically and geographically
newscatcher
2021-09-22 06:30
Zee-Sony merger: A win-win for both strategically and geographically
Zee board gave its in-principle approval for the merger with Sony Pictures Network India (SPNI) after a meeting on Tuesday. Upon the announcement on Wednesday, Zee Entertainment's share rose 25% in early trade. Not only market wise, the deal is a win-win deal for both channels in every sense. Zee Entertainment Enterprises Limited (ZEEL) has got a life saver and SPNI, after several attempts, finally has a chance at the very lucrative Indian regional market. After Invesco, an investor in ZEEL with a 17 per cent holding, called for an extraordinary general meeting (EGM), it appeared as if the Indian company's promoters had their backs to the wall.

https://www.businesstoday.in/latest/corporate/story/zee-sony-merger-a-win-win-for-both-strategically-and-geographically-307301-2021-09-22

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