Competition Commission of India (CCI) on Tuesday approved the Sony-Zee merger based on several conditions, reported ET Now citing sources.
The two companies, Sony and Zee, have given no clarification on the issue yet.
Earlier, a unit of Sony Group and India’s Zee Entertainment had proposed concessions like pricing discounts to help ease concerns of the country’s antitrust regulator over their merger, reported Reuters citing sources.
#ETNOWExclusive | Zee-Sony merger approved by CCI but subject to conditions@CCI_India @ZEECorporate @sony_india… https://t.co/3YTOr3rfaN
— ET NOW (@ETNOWlive) 1664883252000
They had submitted “voluntary remedies” to the deal in writing to assuage the watchdog’s concerns. Some media reports also claimed that one of the proposed changes included shutting down of a popular general entertainment channel owned by Zee.
The delay in approval can be…
