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Sony-Zee merger risks collapse ahead of deadline over CEO drama

Zee-Sony merger: The much-awaited merger between Sony s India unit and Zee Entertainment hangs in the balance, facing a critical juncture next week. The companies must swiftly resolve leadership conflicts and finalise merger details; otherwise, the prospects of $10 billion media giant may vanish as a looming deadline approaches on Dec. 21.

SAT quashes SEBI interim order barring ZEE CEO Punit Goenka from holding directorial positions

Relief for Zee s Punit Goenka as SAT Overturns SEBI Ban | Know Impact On Sony Merger

On Monday, the Securities Appellate Tribunal (SAT) revoked a prior regulatory prohibition on Punit Goenka, the managing director and CEO of Zee Entertainment Enterprises, from holding significant managerial roles in listed firms. This move potentially accelerates the intended merger between Zee and Culver Max Entertainment, the local subsidiary of Japan's Sony Group Corp. , Companies News, Times Now

SAT rules in favour of Punit Goenka

This paves the way for Goenka to resume as managing director and CEO of Zee, and head one of the largest merged entities in the media and entertainment sector after the merger with Sony

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