Zee, Sony unit merger gets approval from India competition regulator

📆 2022-10-05 오전 4:45:00

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India's competition regulator on Tuesday approved a merger between the Indian unit of Japan's Sony and Zee Entertainment Enterprises that will create a $10-billion TV behemoth, but with certain conditions.

📆 2022-10-05 오전 4:45:00
📰 Reuters

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Competition Commission of India

did not elaborate on the conditions. Sony said it would wait for remaining regulatory approvals to launch the merged company, while Zee did not respond to a request for comment. Zee and Sony had offered concessions such as pricing discounts to help ease concerns of the regulator over their merger, sources told Reuters last month.

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