Sony Pictures Entertainment is taking an interim regulator order against ZEE Entertainment directors Subhash Chandra and Punit Goenka “very seriously,” despite concerns what it could mean for the two companies’ merger.
That had led to speculation the plan to merger Sony Pictures Networks India and ZEE into one company could be impacted. The new business would span TV channels, film assets and streaming services SonyLIV and ZEE5 Global.Jefferson Hall Unveiled As Lead Actor In Emirati Director Nayla Al Khaja's MENA-Set Thriller 'Three' As Principal Photography Wraps + First Images
“There have been several erroneous press reports recently speculating about the future of ZEE’s planned merger with SPNI following SEBI’s interim order against Subhash Chandra and Punit Goenka,” said an SPE statement issued from Culver City. “We take very seriously the SEBI interim order and will continue to monitor developments that may affect the deal.”
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