Zee Entertainment Enterprises (ZEEL) has reportedly commenced the due diligence process for its proposed merger with Sony Pictures Networks India (SPNI), a subsidiary of Japan’s Sony Corp, following a non-binding agreement signed in September.
The process of due diligence has started and is in full swing now, as the companies have to close it within the stipulated 90-day time frame.
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.
