Zee shareholder Phantom sues Sony entities for calling it a proxy for Zee and Goenka
Phantom Studios alleges that Culver Max and Bangla Entertainment falsely accused it of being influenced by Zee and Goenka.
Source: afaqs.com
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Top Events of the Day: CAA protest, Kejriwal to appear before ED, PM Modi in Gujarat, Bharat Shakti in Pokhran and more
Top Events of the Day: Protests against the CAA erupt in Kerala, while Prime Minister Modi embarks on a packed itinerary. In Gujarat, he'll lay the foundation stones for crucial railway projects and for the Mahatma Gandhi Sabarmati Ashram Memorial
Source: livemint.com
NCLT directs Zee to file reply on Sony's application in two weeks
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 Entertainment's plea seeking implementation of the merger scheme. Sony terminated the proposed merger deal and sought $90 million in termination fees from Zee.
Source: indiatimes.com
Sony challenges maintainability of Zee Entertainment's plea on merger enforcement; NCLT to hear plea on March 12
Sony Group has reportedly moved to the NCLT and challenged the Zee Entertainment's plea on merger enforcement. The NCLT is set to hear the plea on March 12
Source: livemint.com
Sony formally withdraws Zee merger application from NCLT
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
Source: moneycontrol.com