The Board of Directors of Zee Entertainment Enterprises has given in-principle approval to the company’s merger with Sony Pictures Networks India in what could create a media combine that straddles across platforms such as cable television, digital video streaming, production operations, and music and video libraries. The merged entity will be a publicly listed company in India. Alongside the merger, shareholders of Sony will also infuse 1.575 billion in the entity, which will give Sony’s shareholders a 52. 93 percent stake in the merged company.
Daily News, India News, India Podcast, All India Podcast, India News Today
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