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May 24, 2024
ZEEL has, on account of Culver Max's and BEPL's breaches under the Merger Cooperation agreement (MCA), terminated the MCA by issuing a letter dated May 23, 2024., Companies News - Times Now
May 23, 2024
Culver Max and BEPL have failed to comply with their obligations as part of agreement in December 22, 2021, says Zee
May 23, 2024
Zee Entertainment made headlines on Thursday by terminating its $10 billion media deal, demanding a $90 million termination fee from Sony Group Corporations India media unit, Culver Max Entertainment, and Bangla Entertainment Pvt. Ltd. (BEPL). Previously, the media company disclosed that it had suffered merger-related expenses of Rs 432 crore between 2023-24 and 2022-23 due to the unsuccessful merger attempt with Sony Group Corporations India media unit, Culver Max Entertainment.
May 23, 2024
On 22 January, Sony Group Corp., the Japanese parent of Sony Pictures Networks India (SPNI) and Bangla Entertainment Pvt. Ltd (BEPL), had announced the termination of the $10-billion merger agreement with ZEEL, while seeking $90 million for breach of conditions besides initiating arbitration.
May 23, 2024
NTPC, Hindalco, Bosch, Ashok Leyland, Hindustan Copper, Glenmark Pharma, Aegis Logistics, Manappuram Finance, Suzlon Energy, Torrent Pharmaceuticals, and United Spirits will announce their March quarter earnings on May 24.
March 12, 2024
Phantom Studios alleges that Culver Max and Bangla Entertainment falsely accused it of being influenced by Zee and Goenka.
March 12, 2024
Top Events of the Day: Protests against the CAA erupt in Kerala, while Prime Minister Modi embarks on a packed itinerary. In Gujarat, hell lay the foundation stones for crucial railway projects and for the Mahatma Gandhi Sabarmati Ashram Memorial
March 1, 2024
The NCLT has directed Zee Entertainment Enterprises to reply to applications filed by Sony Group companies within two weeks. Sony Group units Culver Max Entertainment and Bangla Entertainment have challenged Zee Entertainments plea seeking implementation of the merger scheme. Sony terminated the proposed merger deal and sought $90 million in termination fees from Zee.
March 1, 2024
Sony Group has reportedly moved to the NCLT and challenged the Zee Entertainments plea on merger enforcement. The NCLT is set to hear the plea on March 12
February 29, 2024
Sony had terminated its two-year-long merger talks with Zee on 22 January, putting an end to the process that would have created a $10 billion media behemoth