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  1. Dec 22, 2021 · Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India (SPNI) finalised a deal on Wednesday to merge their television channels, assets and streaming platforms to create a combined entity. The merger deal, which was announced on September 22, was signed after the 90-day due diligence period came to an end on December 21.

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  2. Jan 23, 2024 · While the expected completion of the deal was December 21, 2023, Zee had sought a deadline extension, which was to expire on January 20. This 30-day grace period was included in the merger pact signed in December 2021. However, the deal couldn’t be fructified by January 20, 2024 and Sony cited the delay in the merger for the termination.

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  3. Jan 22, 2024 · Sony-Zee merger timeline: September 2021: Zee Entertainment Enterprises (ZEEL) announced that its board of directors has unanimously provided an in-principle approval for the company's merger with Sony Pictures Networks India (SPNI). A meeting in this regard was held on September 21, 2021.

  4. The merger will pose a direct challenge to top rival Walt Disney, which owns streaming platform Hotstar Japanese conglomerate Sony's Indian arm has finalised a deal with local rival Zee ...

  5. Jan 22, 2024 · Japan's Sony Group scrapped plans on Monday for a $10 billion merger of its Indian unit with Zee Entertainment , ending a deal that could have created one of the South Asian nation's biggest TV ...

  6. Jan 22, 2024 · Sony Group Corp called off its merger with Zee Entertainment Enterprises Ltd on Monday after nearly two years of negotiating the $10 billion deal. This was first reported by Bloomberg, citing leadership disputes that were exacerbated by Indian regulatory authorities.

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  8. Sep 22, 2021 · The Board of Directors of Zee Entertainment Enterprises Ltd (ZEEL) has given an 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.