Zee Entertainment Enterprises (ZEEL) and Sony Pictures Networks India (SPNI) have received in-principle approval for a merger that will combine both companies’ linear networks, digital assets, production operations and program libraries. Basis the existing estimated equity values of Zee Entertainment Enterprises and SPNI, the indicative merger ratio would have been 61.25 per cent in favour of ZEEL.
Zee Entertainment Enterprises is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world.
