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Published: Dec 29, 2021
Updated: Dec 29, 2021
The merger transaction between Zee and Sony Pictures is all set to be announced within a few days, if insiders are to be believed. Once the deal is announced, it would be interesting to see whether Reliance Industries makes a counter offer to the shareholders of Zee Entertainment Enterprises.
Though RIL has said that it does not pursue hostile takeover bids, if the deal is sweetened by RIL for Zee promoters, then the Chandra family will have no other option but to accept it. With Invesco, a large Zee investor with an 18 per cent stake, on RIL’s side, it would be interesting to watch what are RIL’s plans and how the new merged entity of Sony-Zee changes the entertainment landscape.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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