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Entertainment: Zee to merge with Sony

New Delhi: Zee Entertainment Enterprises Ltd. (ZEEL) and Sony Pictures Networks India (SPNI) on Wednesday announced to merge their operations, digital assets, linear networks, and program libraries under an exclusive non-binary agreement. The agreement entitles Sony India to 52.93 percent shares, with ZEEL founder Subhash Chandra receiving 2.1 percent shares, as a non-compete fee, while […]
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