The Zee-Sony Saga News
Zee-Sony: What next after the merger collapse?
Both sides stand to lose, Zee more than Sony, especially if Reliance buys out Disney’s assets in India
10 min read29 Jan 2024Singapore emergency arbitrator denies Sony interim relief in Zee merger case
The emergency arbitrator said it had no jurisdiction or authority to prevent Zee from approaching the NCLT to implement the merger, since these matters were within the statutory system and thus for the NCLT to decide.
2 min read4 Feb 2024We’ll lift Zee stake to 26%; no plan to raise external funds: Subhash Chandra
As of now, I have advised my immediate and extended family to increase their shareholding in Zee, said the founder
5 min read29 Jan 2024Sony ‘predetermined’ to terminate merger deal: ZEE tells NCLT
Sony started making several ‘false and baseless’ allegations of breaches and non-compliance upon ZEE, the petition states
2 min read2 Feb 2024Zee-Sony: A deal that was doomed from the start
The proposed merger was odd, to say the least, with its majority owner not assuming executive control. An ‘agency problem’ risk of leadership and ownership interests going out of whack was averted. Don’t tune out, there’s more action to come.
2 min read24 Jan 2024Messy Sony-Zee breakup shows in business as in love partings are never easy
Business relationships end badly on termination because just like in a marriage, no one wants to visualize parting at the inception
3 min read27 Jan 2024ZEE-Sony merger collapse: Mutual funds that have highest and lowest exposure to ZEE
Out of the 42 AMCs, only 29 invested in ZEE, while the remaining 13 held a very small amount of the stock, with ICICI Mutual Fund holding the highest exposure to ZEE.
3 min read24 Jan 2024Zee moves NCLT, SIAC after Sony terminates $10 billion merger deal
Zee denied Sony’s claims that it breached obligations under the deal and has started legal action to contest the claims in arbitration proceedings.
1 min read24 Jan 2024Subhash Chandra takes his peeve with regulator to FM
In a 16 January letter Chandra said Sebi has been acting with a predetermined mind, and sought the minister’s intervention to safeguard minority investorsOn Monday, Sony sent a termination notice to Zee, pulling the plug on the $10-billion mega-merger
3 min read24 Jan 2024Mint Explainer: The collapse of the Sony-Zee merger and its wider implications
The industry will now be watching the progress of merger talks between Disney Star and Reliance’s Viacom18. As for Zee, it might now need a cash-infusion to deal with its mounting debt and margin troubles
3 min read22 Jan 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared