The long awaited merger between Sony and ZEE is expected to be finalised by September, its been confirmed.
In an annual meeting, Sony Corp CEO Kenichiro Yoshida said that the merger is likely to complete “by the end of this fiscal year.”
NP Singh, the managing director and CEO of SPNI also spoke about the expansion of the group’s India operations. He said, “In 2021, we announced the signing of a deal to combine ZED and SPNI, which, following closure, will allow us to increase the production of Kando content and improve our ties with various communities in India. Regulatory permissions must be obtained before the acquisition can close.”
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