Zee-Sony Merger - Zee's Shareholders’ Activism To Be A Battle In The Near Term: ICICI Direct

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..ICICI Direct Report.Zee Entertainment Enterprises Ltd. and Sony Pictures Networks India announced an exclusive, non-binding term sheet to merge both companies. The merged entity will have 75 channels, two OTT platforms and ~25% plus TV viewership market share. The companies will have 90 days for due diligence with expected completion timeline of six to eight months, post statutory approvals.The resultant merger ratio is expected be 47.07% of the merged entity to be held by Zee Entertainment's shareholder and 52.93% by Sony. The company also said that indicative merger ratio would have been 61.25% in favour of Zee shareholders, albeit it changed with proposed infusion of growth capital by Sony . This implies, combined entity was valued at Rs 50,207 crore..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Zee-Sony Merger - Zee's Shareholders’ Activism To Be A Battle In The Near Term: ICICI Direct

Zee-Sony Merger - Zee's Shareholders’ Activism To Be A Battle In The Near Term: ICICI Direct

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