BENGALURU -- The recent collapse of Sony's bid for Indian broadcaster Zee Entertainment has helped clear the way for billionaire Mukesh Ambani as he s
Source: nikkei.com
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Zee-Sony scrapped merger: Emergency arbitration in Singapore on January 31
Sony has reportedly initiated arbitration proceedings for an alleged breach of terms by Zee. Zee has decided to contest Culver Max and BEPL's claims at the Singapore International Arbitration Centre.
Source: businesstoday.in
zee sony hearing: SIAC to begin hearing in Sony-Zee arbitration matter on Jan 31
The Singapore International Arbitration Centre will hold online hearings for the arbitration case filed by Culver Max Entertainment and Bangla Entertainment against Zee Entertainment Enterprises over alleged merger agreement breaches. Sony terminated the merger agreement on January 22 and demanded a $90 million termination fee. Zee disputes the allegations and urges withdrawal of the termination notice.
Source: indiatimes.com
Sony says it scrapped $10 billion India merger as Zee failed to meet financial terms
Zee denied the allegations in a letter to Sony, and accused the Japanese company of "bad faith" in calling off the merger.
Source: indianexpress.com
Reliance: Disney Star faces unusual fallout: A potential $2-billion downgrade by Reliance amidst Zee-Sony turmoil
Zee Entertainment Enterprises disputing its obligations to honour a $1.5-billion sub-licensing deal for the International Cricket Council (ICC) has raised the likelihood of an up to $2-billion downgrade of Disney Star by Reliance, on anticipated losses from the media rights agreement, people privy to the development told ET.
Source: indiatimes.com