Reuters reveals India finds Sony-Zee merger can hurt competition; shares fall


Business & Finance

Reuters was first to report that a merger between the Indian unit of Japan’s Sony and Zee Entertainment to create a $10 billion TV enterprise will potentially hurt competition by having “unparalleled bargaining power”. A confidential notice detailing the Indian antitrust watchdog’s initial review, seen by Reuters, stated the watchdog is of the view that a further investigation of the merger is needed. Shares in Zee fell 6% during trade after Reuters revealed the news.

Market Impact

Shares in Zee fell 6% during trade after Reuters revealed the news.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Asia

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text



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