Zee Entertainment Analyst Meet - Sony Merger To Create A Media Behemoth: Prabhudas Lilladher
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Zee Entertainment Enterprises Ltd. has signed a definitive agreement with Sony Pictures Network India to merge their linear networks, digital assets and program libraries.
The agreement follows conclusion of exclusive negotiation period where in due diligence was conducted. Post-merger, Sony will be the largest shareholder owning 51% in the merged entity.
We believe this merger is a win-win situation, as it will result in material synergies (~6-8% largely on the revenue side) and drive growth as merged entity will have a cash ammunition of $1.7 billion (inclusive of cash on Zee Entertainment’s books).
Funds will be utilised to accelerate investment in digital business and bid for premium content like sports.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.