Zee-Sony Merger Could Change The Business Trajectory: Motilal Oswal
CCI has approved the merger between Sony and Zee Entertainment, subject to certain conditions.
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Motilal Oswal Report
The Competition Commission of India has approved the merger between the Sony Pictures Network India Pvt. Ltd. and Zee Entertainment, subject to certain conditions.
As per Media reports, the merged entity may exit the Marathi general entertainment channel in a bid to allay CCI concerns on four segments, including Hindi GEC, movies, and Bengali channel.
The next pit stop is to seek shareholder approval, with meeting scheduled on October 14, 2022.
Clearly, the merger process has taken longer than the management expectation of nine-10 months, but once the shareholder approval is in place, the merger process should be largely procedural and may conclude by Q4 FY23.
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