Tag: Media

ZEE Chairman R Gopalan addresses Sony’s termination notice, ensures stakeholder confidence

In its suit filed in Delhi Sessions Court, ZEE had argued that the article published on 21st February 2024 by Bloomberg, was false and factually incorrect, with a pre-meditated and malafide intention to defame the Company. (Image source: Moneycontrol)

R Gopalan, chairman of ZEEL, said, the Company will take all the necessary actions, in the best interest of all stakeholders, including by taking appropriate legal action…

Zee-Sony Merger End: Zee readies for legal battle after Sony demands $90 million merger termination fee

The Singapore International Arbitration Center is the first Asian arbitration institution to offer this process and has received over 130 applications since 2010 for the appointment of an Emergency Arbitrator. (Image source: Moneycontrol)

Sony called off the $10 billion merger over alleged breaches by ZEEL. Zee said it will take legal action and called for a board meeting.

Zee-Sony Merger End: Zee to take legal action after Sony’s merger termination notice

In its suit filed in Delhi Sessions Court, ZEE had argued that the article published on 21st February 2024 by Bloomberg, was false and factually incorrect, with a pre-meditated and malafide intention to defame the Company. (Image source: Moneycontrol)

Sony has demanded USD 90 million as termination fee. ZEEL has categorically denied all the assertions raised by Culver Max and BEPL on the alleged breaches under the terms of the MCA.

Sony terminates merger agreement with Zee Entertainment: Breaking

The statement clearly said that though SPNI has been engaged in discussions in good faith to extend the End Date but the Discussion Period has expired without an agreement upon an extension of the End Date.(Image source: Moneycontrol)

The merger, announced on December 22, 2021, faced delays and unmet closing conditions, ultimately leading to the expiration of the end date.

Zee-Sony $10 billion merger likely to be terminated? Reports

The statement clearly said that though SPNI has been engaged in discussions in good faith to extend the End Date but the Discussion Period has expired without an agreement upon an extension of the End Date.(Image source: Moneycontrol)

ZEEL’s institutional investors are reportedly seeking regulatory intervention. Now a report has surfaced suggesting that a communication ending the deal will be submitted to the Tokyo exchanges within the next 48 hours.

Nirmala Sitharaman alleges MK Stalin-led Tamil Nadu govt has banned Ayodhya Ram Mandir live telecasts

Last week, the Ministry of Information and Broadcasting (MIB) issued an advisory to all news media – television, print, and digital media, including social media platforms, about publishing or broadcasting any content that may be false or manipulated and content that could disturb communal harmony or public order ahead of the consecration of the Ram temple in Ayodhya on January 22. (Image source: Moneycontrol)

Finance Minister Nirmala Sitharaman accused the Tamil Nadu government of banning live telecasts of Ayodhya Ram Mandir consecration ceremony. The TN state administration had denied the claim.