NP Singh

SPN, Zee ink definitive merger agreement; next step public listing

Last updated : Dec 23, 2021 18:12
SportzPower Team
Dec 22, 2021 08:12

MUMBAI: Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) Wednesday announced that they have signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries. 

The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence. After closing, the new combined company will be publicly listed in India.

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