CEO issue pulls Sony-Zee deal to the brink
Hindustan Times|January 20, 2024
Sony Group Corp. is set to pull the plug on the proposed $10-billion merger of its India unit with Zee Entertainment Enterprises after more than two years of negotiations.
Gaurav Laghate

MUMBAI: The deal unravelled as the media giants failed to agree on who would lead the combined entity, with the Japanese conglomerate disinclined to have Zee's at the helm, said two people with direct knowledge of the developments.

Sony Pictures Entertainment, the holding company of Culver Max Entertainment (earlier Sony Pictures Networks India), will send a deal termination notice to ZEE early next week, one of them said. The Sony Corp. board is expected to finalize the decision shortly.

On November 10, Mint was the first to report that the talks had stalled after Sony's demand that its executive lead the merged entity instead of Goenka, and that failure to reach an agreement by December 21 could derail the merger. The two companies extended the deadline by a month but failed to iron out their differences.

Diese Geschichte stammt aus der January 20, 2024-Ausgabe von Hindustan Times.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der January 20, 2024-Ausgabe von Hindustan Times.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS HINDUSTAN TIMESAlle anzeigen
The King and his kingdom
Hindustan Times

The King and his kingdom

The Norwegian has been the biggest force in the chess world for over a decade; though Gukesh could run him close in the future, he remains the player to beat

time-read
8 Minuten  |
November 13, 2024
Yale is set to offer a course on Beyoncé and her legacy
Hindustan Times

Yale is set to offer a course on Beyoncé and her legacy

Get in formation, Beyoncé fans! Queen Bey is heading to Yale University—well, sort of. Next year, the Ivy League school is launching a course that dives deep into the cultural legacy of pop icon Beyoncé, the most Grammy-nominated artist ever with 99 nods.

time-read
1 min  |
November 13, 2024
Cutting production costs a collective responsibility: Aanand L Rai
Hindustan Times

Cutting production costs a collective responsibility: Aanand L Rai

Filmmaker Aanand L Rai, in a career spanning close to two decades, has directed films such as Zero (2018) and Atrangi Re (2021), which featured big names like Shah Rukh Khan and Akshay Kumar, respectively.

time-read
1 min  |
November 13, 2024
RAIMA SEN DREAMS OF REMAKING GRANDMUM'S DEEP JWELE JAAI
Hindustan Times

RAIMA SEN DREAMS OF REMAKING GRANDMUM'S DEEP JWELE JAAI

The actor tells us about Bengali cinema's growth and wanting to remake Suchitra Sen's film

time-read
1 min  |
November 13, 2024
Hindustan Times

Aitraaz 2 is in the making: Subhash Ghai confirms

On Tuesday, Aitraaz, starring Akshay Kumar, Priyanka Chopra and Kareena Kapoor Khan, clocked in 20 years. On reaching out to Subhash Ghai to talk about the milestone, the filmmaker gives us an exclusive big update —

time-read
1 min  |
November 13, 2024
Avneet Kaur's Mission Possible! Meets Tom Cruise on MI sets
Hindustan Times

Avneet Kaur's Mission Possible! Meets Tom Cruise on MI sets

Actor Avneet Kaur left everyone surprised after she met Hollywood actor Tom Cruise on the sets of his upcoming film Mission: Impossible – The Final Reckoning.

time-read
1 min  |
November 13, 2024
Jurel lifts bleak batting mood ahead of Oz Tests
Hindustan Times

Jurel lifts bleak batting mood ahead of Oz Tests

The 'keeper's fine fifties for India A at the MCG puts him in contention with many specialist batters struggling

time-read
3 Minuten  |
November 13, 2024
Jurel lifts bleak batting mood ahead of Oz Tests
Hindustan Times

Jurel lifts bleak batting mood ahead of Oz Tests

The keeper’s fine fifties for India A at the MCG puts him in contention with many specialist batters struggling

time-read
3 Minuten  |
November 13, 2024
Hindustan Times

PCB SEEKS ICC’S CLARIFICATION ON INDIA’S REFUSAL TO TRAVEL TO PAK FOR CT 2025

Responding to a letter from the International Cricket Council (ICC) on India's refusal to travel to Pakistan for the 2025 ODI Champions Trophy, the Pakistan Cricket Board (PCB) has written back seeking more clarification on the matter.

time-read
1 min  |
November 13, 2024
Rupali sends defamation notice to stepdaughter Esha
Hindustan Times

Rupali sends defamation notice to stepdaughter Esha

In the latest twist in the controversy between actor Rupali Ganguly and her stepdaughter Esha Verma, we have learnt that Rupali has sent a defamation notice to Esha.

time-read
1 min  |
November 13, 2024