Culver Max Entertainment

MUMBAI: The Competition Commission of India (CCI) on Tuesday approved the $10 billion merger of Zee Entertainment Enterprises with Sony Pictures Networks India, while imposing several conditions to prevent Zee-Sony from abusing the merged entity's dominant market position.

"Commission approves amalgamation of Zee Entertainment Enterprises Limited (ZEE) and Bangla Entertainment Private Limited (BEPL) with Culver Max Entertainment Private Limited (CME, nee Sony Pictures Networks India), with certain modifications," CCI said in a tweet.

Sep 08, 2022 10:09
MUMBAI: The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday directed Zee Entertainment Enterprises Limited (Zee) to convene a shareholders' meet on October 14 for approving the merger with Culver Max Entertainment (Sony Pictures Networks India).