Zee, Sony settle all disputes; terminate $10-bn deal; share up 13%
The companies have "mutually" agreed to withdraw all respective claims against each other
zee sony merger
August 2024
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December 2023
ZEE forms independent advisory committee to curb 'erosion of investor wealth'
The three-member committee will be headed by former Allahabad High Court judge Dr Satish Chandra and will have Uttam Prakash Agarwal and P V R Murthy as the independent directors.
‘Incorrect, false’: ZEE on reports of missing $241 mn; share tanks 10%
ZEE says it has been in the process of providing all the comments, information or explanations requested by SEBI
ZEE shares zoom 10% amid reports of renewed talks with Sony
Both companies have reportedly engaged in talks in Mumbai in their last-ditch efforts to save $10 billion
NCLT notice to Sony on ZEE’s plea seeking merger
NCLT notice follows SIAC denying Sony’s application for "emergency interim relief"
Zee-Sony Merger: NCLT asks Sony to respond to Zee shareholders in three weeks
The development comes almost a week after Sony Group Entities put an end to two-year-long merger negotiations with Zee citing the inability of the latter to fulfill the merger agreement.
ZEE weighing ‘legal options’ as Sony terminates $10-bn deal
Zee says it’ll contest Culver Max, BEPL’s claims of $90 mn in termination fees
ZEE shares plunge 12.6% on merger call-off reports with Sony
Though ZEE has received approvals for the proposed merger with Sony, it had last month sought an extension
Not agreed to deadline extension; yet to hear proposal from Zee: Sony India
The company’s statement comes a day after ZEE sought more time for the proposed merger with Sony Pictures Network India, now known as Culver Max Entertainment Private Limited.
Zee stock plunges 9% amid director's exit ahead of AGM
Zee shares fall to an intra-day low of ₹259.10 before recovering losses and settling at ₹278.25, down 2.06% compared to the previous session
