The deal, announced more than two years ago, was perceived as crucial for the survival of the companies in a highly competitive market. Bloomberg | Bloomberg | Getty Images Shares of India’s Zee Entertainment jumped more than 10% on Tuesday after a report that its $10 billion merger with Japanese tech giant Sony could be … Read more
Shares of debt-ridden Zee Entertainment Enterprises Ltd (ZEEL) rallied over 7% to the day’s high of Rs 192 on Tuesday as the media house re-initiated talks for a merger with Sony Group after the $10 billion deal was cancelled last month. In a fresh dramatic twist, which is no less than an unending soap opera, … Read more
Logo for ZEE5, an over-the-top platform of Zee Entertainment Enterprises. Bloomberg | Bloomberg | Getty Images Shares of India’s Zee Entertainment fell 31% on Tuesday after a division of Japanese tech giant Sony scrapped plans for a merger. Sony first proposed to combine its India entertainment business with Zee in December 2021. Those negotiations collapsed … Read more
