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Zee Entertainment - Mega Merger, Mega Value Unlocked; Time Correction Likely: Dolat Capital

Zee Entertainment - Mega Merger, Mega Value Unlocked; Time Correction Likely: Dolat Capital

<div class="paragraphs"><p>Zee Entertainment channels. (Source: BloombergQuint)</p></div>
Zee Entertainment channels. (Source: BloombergQuint)

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.

Dolat Capital Report

Zee Entertainment Enterprises Ltd. and Sony Pictures Networks India Pvt Ltd. have signed a binding term sheet for the merger within the stipulated 90 days period of signing non-binding term sheet. Deal contours remain broadly unchanged. Zee would merge into Sony.

Transaction may complete in 10-12 months (management estimate- eight to 10 months) and six to nine months more for integration.

Merged entity to have $1.6-1.8 billion cash and cash equivalent ($1.5 billion from Sony) to be utilised for investments into sports, digital business and sports content. Approval from 75% of the shareholders is inevitable.

Click on the attachment to read the full report:

Dolat Capital ZEE Company Update.pdf

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