Zee-Sony Deal: The Non-Compete Fee Twist

An interesting element of the proposed merger between Zee Entertainment Enterprises Ltd. and Sony Pictures Networks India Pvt. is a non-compete fee being paid to Zee founder and promoter, Subhash Chandra.The proposed merger will result in Zee shareholders owning 47.07 % in the merged company and Sony India promoters at 52.93 %, according to Zee's filing with the stock exchange.Interestingly, while shareholders of both the listed and ...