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Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises, has alleged that Sony intentionally prevented a merger despite the Zee promoters offer — during extended negotiations — to have Punit Goenka step aside from the chief executives post.
Punit Goenka and the family collectively decided he should step aside, and the merger should proceed because it was beneficial for Zee. This decision was communicated to Sony. It wasn't acceptable to Sony. I believe this was Sony's strategy all along: To engage with Zee and eventually withdraw, portraying Zee as vulnerable. I intend to convey this perspective to the Zee board as well, says Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises.
Satcom License: After mobility, broadband-from-space services could be the next big battlefield between entities led by billionaire industrialists Mukesh Ambani who owns Jio Satellite and Sunil Mittal, whose Bharti Enterprises owns a majority stake in OneWeb. They will be pushed by the likes of Elon Musk’s Starlink and Amazon’s Project Kuiper, all of whom are trying to launch services quickly to get a first-mover advantage.
Frequent changes in political landscape in Pakistan over the past few months have confirmed impression that political parties
The Zee-Sony merger in India has taken a dramatic turn. Neither the resignations of independent directors nor the demands raised by institutional investor Invesco prevented the merger agreement from being inked in 2021. However, an interim order from SEBI based on the past complaints raised by the independent directors has the potential to derail or delay the merger. While Zee has appealed against the order, its MD Puneet Goenka has shown a willingness to step down for the merger's success. The drama surrounding the Zee-Sony merger is intense, with high stakes involved. Host Kiran Somvanshi de...