Page 9 - Group Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sony Group Corp on Monday said it is calling off a USD 10 billion merger of its India unit with Zee Entertainment, following a stalemate over who will lead the merged entity. A standoff over leadership is said to be the reason for the deal being called off. Sony had resisted demand by Zee chief executive Punit Goenka, who was investigated by market regulator SEBI over fraud allegations, to stay on after the merger.

If Zee fails to honour its ICC TV sub-licensing deal with Disney Star, the latter might explore legal options, said a report last month

Triani is a Québec-based company specialized in the production, bottling and sale of alcoholic and non-alcoholic beverages with unaudited non-IFRS annual net revenue of $28.4 million and Adjusted...

A formal communication calling off the mega amalgamation, first announced in December 2021, is expected to be sent to the Tokyo exchanges in the next 48 hours. Failure to comply with pre-agreed conditions and failing financial health of Zee were likely key triggers for the termination.

On January 2, 2024, Viking Global Investors LP, under the leadership of Andreas Halvorsen (Trades, Portfolio), made a significant adjustment to its investment in APi Group Corp (NYSE:APG). This transaction altered Viking Global's position in APG to 27,887,076 shares, which now represents 3.76% of the firm's portfolio and 16.32% of APG's outstanding shares.