Tag: media merger

Disney, Reliance plan London meeting for India media merger talks: Report
Business

Disney, Reliance plan London meeting for India media merger talks: Report

Billionaire Mukesh Ambani's Reliance Industries and U.S. giant Walt Disney are discussing a plan to hold next-stage talks about their India media business merger in London next week, two people familiar with the matter said. Disney and Reliance have held talks to merge their India businesses by forming a joint venture company in which Ambani's media unit would hold a majority stake, though finer details of business structures and valuations are yet to be discussed. Next week, senior Disney executives and Reliance officials from its headquarters in Mumbai are likely to fly to London for the proposed meeting, said the two sources, declining to be named as the talks are private. Reliance and Disney did not immediately respond to a request for comment. A pos...
Sony: ‘Zee-Sony India merger talks deadlocked over leadership issue’
Business

Sony: ‘Zee-Sony India merger talks deadlocked over leadership issue’

NEW DELHI: Approaching its deadline, the high-profile media merger in India between Sony's local unit and Zee Entertainment has evolved into a standoff between the Japanese gaming and media giant and the Goenkas, Zee’s founder family.Initially agreeing to have Punit Goenka lead the merged entity, Sony is now reportedly pushing for its own appointee. However, Goenka is holding his ground, and neither side has officially commented on the brewing conflict, a Bloomberg report said.As per reports, Sony is advocating for NP Singh, the managing director of its Indian operations, to lead the merged company.This push comes in light of an ongoing investigation involving Zee's candidate, managing director Punit Goenka.Sony's change in stance comes in the wake of regulatory challenges faced by Punit ...