Zee Shares Jump 10 After Report Sony Merger Is Be Shares of india’s zee entertainment jumped more than 10% on tuesday after a report that its $10 billion merger with japanese tech giant sony could be revived. the economic times, an indian news. Shares of zee entertainment enterprises limited rallied over 10% in trade tuesday (february 20), pausing their three day losing run. the stock gained after a report said that its $10 billion merger with japanese tech giant sony could be revived. the scrip was trading 9.72% higher at ₹ 195.85 apiece on nse during today's late afternoon deals.
Zee Shares Jump 10 After Report Sony Merger Is Be Shares of india’s zee entertainment jumped more than 10% on tuesday after a report that its $10 billion merger with japanese tech giant sony could be revived. the economic times, an indian news publication, reported on tuesday that zee had re engaged with sony in a last ditch attempt to salvage the deal, which was officially called off last. January 23, 2024 09:45 ist. zee is gearing up to take legal action against sony pictures over the termination of the deal. shares of zee entertainment enterprises corrected 10 percent in opening. The founder of zee will own close to four per cent and the rest will be with the other shares holders of zee entertainment. additionally, sony group is also going to pay a non compete fee of rs. The shares of zee entertainment enterprises ltd. (zeel) surged by up to 15% on tuesday, marking a recovery in investor sentiment after the company announced a comprehensive settlement with sony.
Zee Shares Jump 10 After Report Sony Merger Is Be The founder of zee will own close to four per cent and the rest will be with the other shares holders of zee entertainment. additionally, sony group is also going to pay a non compete fee of rs. The shares of zee entertainment enterprises ltd. (zeel) surged by up to 15% on tuesday, marking a recovery in investor sentiment after the company announced a comprehensive settlement with sony. The company and sony group corporation are re engaging in merger talks in last ditch efforts, about a month after the $10 billion deal was called off due to non agreement over the terms. shares of zee opened a gap up at ₹187.70 and surged to an intra day high of ₹199.85, up 10.6% from yesterday's closing price of ₹178.65. Bengaluru (reuters) japan's sony group scrapped plans on monday for a $10 billion merger of its indian unit with zee entertainment, ending a deal that could have created one of the south asian nation's biggest tv broadcasters. the collapse of the deal in content hungry india creates more uncertainty for tv broadcaster zee in particular as competition heats up, with disney also seeking to.
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