Diabytes
Sony Pictures Networks India News
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Punit Goenka said ZEEL-Sony merger is in final stages
He said the merged entity will be largest entertainment media entity in the country
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The MD and CEO of Zee Entertainment Enterprises Ltd (ZEEL) Punit Goenka said the company is looking forward to many more successful years ahead, on the day the company completed 29 years in business.
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Invesco remains adamant about changing the ZEEL Board of Directors.
Invesco lacks both a good proposal and relevant professional experience in the entertainment industry.
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Punit Goenka hailed the mega-merger deal between ZEEL and Sony Pictures
He said the deal will generate about $2 billion in revenue
Shareholding of ZEEL will be 47 per cent in the mega-merger, he said.
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The ZEEL Board concluded that the "merger will be in the best interest of all the shareholders and stakeholders and it is in line with ZEEL’s strategy of achieving higher growth and profitability as a leading Media & Entertainment Company across South Asia.''
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Sony Pictures Networks India and its affiliates have completed the first phase of a two-phase acquisition of the TEN Sports Network from ZEE and its subsidiaries.
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