Continuing to work towards successful closure of merger with Sony: Zee Entertainment
ZEEL is working towards a successful closure of its USD 10 billion merger with Culver Max Entertainment. The fate of the merger is uncertain as the deadline for extension negotiations approaches. The bone of contention is the driving seat of the merged entity, with ZEEL's Punit Goenka initially set to lead. However, Sony has concerns due to a fund-diversion case involving Goenka. The deal has a stipulated period of two years for completion, including regulatory approvals. ZEEL has sought an extension from Sony.
Source: indiatimes.com
