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Sony, ZEEL deal scrapped over valuation differences: report

Discussion between Japan’s Sony Corporation buying 20 to 25 per cent stake in the Subhash Chandra-led Zee Entertainment Enterprises Ltd (ZEEL) has been scrapped due to valuation differences, according to a report by Economic Times.

Television TV Channels GECs
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ZEEL likely to sell 20% to Sony Corp

Japanese multinational conglomerate Sony Corp is in advanced talks with Subhash Chandra-promoted Zee Entertainment Enterprises Ltd (ZEEL) to buy a stake in the firm. As the company has been struggling to raise funds to pay huge debt, Chandra is looking to sell 20-25 per cent stake.

Television TV Channels GECs
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Comcast, Sony in the running for ZEEL stake?

In the latest financial results, Zee Entertainment Enterprises Ltd (ZEEL) MD and CEO Punit Goenka mentioned that the company has narrowed down its search for a partner to divest up to 50 per cent stake in the company, an announcement it made in November 2018.

Television TV Channels GECs
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Dish TV reiterates its optimism on future outlook as Essel Group arrives at an understanding with lenders

Multi-faceted business conglomerate Essel Group’s management has successfully arrived at an understanding with lenders which are having pledge on shares held by the promoters.

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Punit Goenka on ZEE5's content play, TRAI tariff order and ZEEL's search for a strategic partner

The Subhash Chandra-owned media conglomerate Zee Entertainment Enterprises Limited (ZEEL) reported robust growth in third quarter of FY 19, beating analysts’ expectations. Apart from the stellar growth in both domestic and international advertising revenue, ZEEL’s over-the-top (OTT) platform ZEE5...

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