Failed ZEEL-Sony merger drains Rs 3,130 crore from MFs, insurers

Mumbai: The failed $10-billion merger between Zee Entertainment Enterprises Ltd and Sony Pictures Networks India resulted in a substantial wealth loss of approximately Rs 3,130 crore for mutual funds and insurance companies on Tuesday, according to a media report.

ZEEL approaches NCLT seeking implementation of merger deal with Sony

Mumbai: Zee Entertainment Enterprises Ltd on Wednesday took legal actions by filing petitions with the National Company Law Tribunal in Mumbai and initiating proceedings at the Singapore International Arbitration Centre after Sony's termination of a $10-billion merger deal, media reports said.

Sony-Zee $10 billion merger deal collapses, Zee shares slide after breakdown

After two years of stalled negotiations, Japan’s Sony Corp officially called off its planned $10 billion merger between its Indian subsidiary and Zee Entertainment Enterprises Ltd. (ZEEL) on Monday (January 22), media reports said.

Adani Group takes over news agency IANS

New Delhi: Adani Group has acquired a majority 50.50% stake in New Delhi-based news agency IANS India Pvt Ltd (IANS), according to a regulatory filing by the business conglomerate.

Zee-Sony merger: Media groups agree to sell three Hindi channels to address anti-competition concerns

In an effort to address likely anti-competition issues, media groups Zee and Sony have agreed to sell three channels --  Big Magic, Zee Action, and Zee Classic, that may arise post their proposed merger deal, according to media reports.