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Zee, Sony settle merger disputes
The New Indian Express
|August 28, 2024
Both agreed to withdraw claims against each other at S’pore Arbitration, legal proceedings
PRIVATE broadcaster Zee Entertainment and its Japanese rival Culver Max Entertainment (formerly Sony Pictures Networks India) have mutually settled their dispute over the aborted $10 billion merger.
The news sent Zee counter ralllying 15%.
Zee said it has settled all disputes related to the merger with Sony and have also terminated all transaction documents for the merger with Sony India. Zee stock jumped to an intraday high of 154.9, before cooling off to 147.7, up about 10% from the previous close.
Cette histoire est tirée de l'édition August 28, 2024 de The New Indian Express.
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