Zee sony merger: Honourable NCLT approved the scheme of

Honourable NCLT approved the scheme of merger of Zee and Sony after what could only be a roller coaster ride for both the management. Sony Group Corp on Monday called off its merger with Zee Entertainment Enterprises Ltd (ZEEL), ending the $10 billion deal after around two years of negotiations. As per an official release by Sony , the definitive agreements provided that if the “ merger did not close by the date twenty-four months after their signature date (the 'End Date'), the parties would be required to discuss in good faith an extension of the end date required to make the merger effective by a reasonable period of ... [By Jose S Jose] The author is a student of The National University of Advanced Legal Studies (NUALS), Kochi. INTRODUCTION In a significant stride within the entertainment industry, NCLT (National Company Law Tribunal) Mumbai recently granted approval for the merger of Zee Entertainment Enterprises and Culver Max Entertainment, previously known as Sony Pictures Networks India. This transformative green light not only ushers in the possibility of a formidable entertainment giant commanding ... Implications of the Merger Fallout on Cross-Border Mergers & The Media Industry in India The fallout from the collapsed Sony - Zee merger has sent shockwaves through the Indian media industry, reverberating across the financial landscape and raising significant concerns for investors.