News Formal

Zee, Sony unit merger gets approval from India competition regulator

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

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.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

INDIA STOCKS Indian shares rise 2% as banks, metals surgeIndian shares rose 2% on Tuesday, led by gains in banks and metal companies, as an attempted bounce in global equities and upbeat quarterly updates from companies lifted investor sentiment ahead of the corporate earnings season. StopHazaraGenocide
Source: Reuters - 🏆 2. / 97 Read more »