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The Economic Times

NCLT withdraws nod given earlier for merger of Zee and Sony entities

The National Company Law Tribunal has withdrawn its approval for the merger between Zee Entertainment Enterprises and Sony Group Corporation's India media entities. The decision, made by the Mumbai bench on September 5, ends the proposed deal that could have created India's second-largest media company. Zee had sought to recall the earlier approval granted on August 10.

The Economic Times

Zee files application seeking recall of NCLT order sanctioning merger with Sony

Zee Entertainment has filed an application with the NCLT to recall the order sanctioning its merger with Sony's India media units. Zee and Sony announced a comprehensive settlement, resolving all disputes related to their failed merger.

Mint

Zee Ent stock zooms 11% on signing non-cash settlement agreement with Sony India, NCLT dispute cases withdrawn

Zee-Sony deal: As part of the settlement, the media giants will withdraw all claims made at the Singapore International Arbitration Centre and the NCLT

The Economic Times

Zee enters into settlement agreement with Sony India; terminates $10 bn deal

Zee Sony Merger News: Zee Entertainment and Sony’s Culver Max Entertainment reached a settlement, resolving disputes and terminating their $10 billion merger. The companies agreed to withdraw claims in Singapore and forgo termination fees and damages. Zee’s shares increased by 8% post-announcement. Originally approved in August, the merger would have created a leading media company.

The Economic Times

Reliance, Disney said to have offered concessions to win antitrust nod for India media merger

Reliance and Walt Disney have offered to sell some TV channels to win faster antitrust approval for their $8.5 billion India media assets merger. The merger, announced in February, could face intense scrutiny as it will create India's biggest entertainment player, competing with Sony, Zee Entertainment, Netflix, and Amazon.

The Economic Times

Urge all stakeholders to stand against threats to press freedom: Subhash Chandra

Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises Limited, highlighted threats to press freedom faced by media from governing bodies and corporates, urging stakeholders to stand against such pressures.