Singapore arbitrator lets Zee Entertainment approach NCLT to enforce Sony merger deal | India Business News

[ NEW DELHI: In a recent turn of events, a Singapore arbitrator has reportedly agreed to let Zee Entertainment ask National Company Law Tribunal (NCLT) to enforce a $10 billion merger with Sony‘s India unit that was scrapped by the Japanese firm.According to Reuters, the emergency arbitrator denied Sony’s application for emergency interim relief, saying … Read more

Hideo Kojima is working on a mysterious new stealth game

[ Image used with permission by copyright holder Kojima Productions has a new stealth action game coming after the long-awaited Death Stranding 2: On the Beach. At the latest PlayStation State of Play, Kojima revealed that his studio will work with Sony to produce a new, original IP in the form of a “next-generation action … Read more

PlayStation Portal is a huge success – but fans are furious about what Sony is doing

[ IF you have tried to buy the PlayStation Portal since it was released in November, you have likely encountered a problem. The PS5 accessory has broken through all of PlayStation’s expectations, and it’s difficult to find one in stock. 1 The Portal allows you to play PS5 games in your hands.Credit: Sony Interactive Entertainment … Read more

Low promoter holding poses potential takeover risk to Zee

[ MUMBAI: Sony‘s decision to call off the merger of its India unit with Zee poses a significant threat to the Punit Goenka-led entity, as its precarious low promoter holding exposes it to a potential takeover bid and a leadership revamp.Goenka owns 4% in Zee, which was founded by his father Subhash Chandra in 1992. … Read more

Zee Entertainment not to go ahead with USD 1.4 billion deal with Disney Star

[ NEW DELHI: Zee Entertainment has decided not to go ahead with its USD 1.4 bn deal with Disney Star for the TV broadcast right for cricket matches, according to industry sources. Zee Entertainment Enterprises Ltd (ZEEL), which has already missed the first instalment of around USD 200 million, will not move ahead, industry sources … Read more

Steep fall! Zee Entertainment shares drop 28.18% following Sony’s merger termination; here’s what experts have advised | India Business News

[ Zee Entertainment share price today: Shares of Zee Entertainment witnessed a significant 28.18% decline on Tuesday, reaching the lower circuit at Rs 166.45 on the BSE. This drop came in the wake of brokerages downgrading the media stock, reacting to the abrupt end of the prolonged drama surrounding the expected $10-billion merger with Sony.As … Read more