Zee-Sony: What next after the merger collapse?
Both sides stand to lose, Zee more than Sony, especially if Reliance buys out Disney’s assets in India
Source: livemint.com
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Disney Star mulls legal action against ZEEL for backing out from USD 1.4 bn deal, ET BrandEquity
Zeel: Disney Star is mulling legal actions against Zee Entertainment for backing out from a USD 1.4 billion sub-licensing agreement for TV broadcast of international cricket matches in India, according to industry sources.
Source: indiatimes.com
Zee Entertainment Enterprises Ltd (ZEEL) | Disney Star mulls legal action against ZEEL for backing out from USD 1.4 billion deal
The installment to be paid to Disney Star was part of the USD 1.5 billion investment committed by Sony Group after its merger with ZEEL, said another industry source while confirming the development
Source: telegraphindia.com
Disney Star | Zee Entertainment Enterprises Ltd backs out from $1.4 billion deal with Disney Star
Disney Star will continue to exclusively stream all ICC tournaments through its digital platform Disney+ Hotstar
Source: telegraphindia.com
Sony Zee merger news: Zee-Sony merger failure a headache for Punit Goenka as a familiar threat looms
After the termination of merger agreement with Sony Pictures, Zee Entertainment faces a new threat thanks to its low promoter holding. A low promoter holding could expose the company to a hostile takeover risk, especially if institutional investors seek an exit. The company witnessed similar worries back when Invesco raised concerns.
Source: indiatimes.com