Reuters was first to report that a merger between the Indian unit of Japan’s Sony and Zee Entertainment to create a $10 billion TV enterprise will potentially hurt competition by having “unparalleled bargaining power”. A confidential notice detailing the Indian antitrust watchdog’s initial review, seen by Reuters, stated the watchdog is of the view that a further investigation of the merger is needed. Shares in Zee fell 6% during trade after Reuters revealed the news.
Business & Finance
Reuters reveals India finds Sony-Zee merger can hurt competition; shares fall
01 September 2022, 2:16 pm 1 minute
Shares in Zee fell 6% during trade after Reuters revealed the news.
Topics of Interest: Business & Finance
Type: Reuters Best
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
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