Sony’s India unit and its local rival, Zee Entertainment, have finalised a deal to merge television channels, film assets and streaming platforms, Zee said on Wednesday. Sony to hold majority stake in the merged company, ZEE promoter family to own 3.99% with an option to increase stake up to 20% from market.
Sony’s India unit and its local rival, Zee Entertainment, have finalised a deal to merge television channels, film assets and streaming platforms, Zee said on Wednesday. Sony to hold majority stake in the merged company, ZEE promoter family to own 3.99% with an option to increase stake up to 20% from market.