India: Zee Entertainment to merge with Sony Pictures
New Delhi, Sep 22 (PTI) India's largest publicly-traded television network Zee Entertainment Enterprises will merge with Sony Pictures Network India (SPNI), capping days of high drama during which the firm's shareholders sought removal of key officials.
Sony, which will invest USD 1.575 billion, will hold 52.93 per cent stake in the merged entity and Zee the remaining 47.07, Zee Entertainment Enterprises (ZEEL) said in a statement.
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