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ZEE-Sony merger could face further scrutiny by competition watchdog

The proposed merger between ZEE Entertainment Enterprises Limited and Sony Pictures Networks India is expected to face further scrutiny after an initial review by India’s antitrust watchdog found the new entity could potentially hurt competition by having “unparalleled bargaining power”.

Reuters reports a notice sent to the two companies by the Competition Commission of India stated that a further investigation is merited in the case. Each company has been given 30 days to respond.

The merged entity could have a “humongous” market position in India.

The notice could delay the deal approval.