New Delhi: Competition Commission on Tuesday gave its conditional approval for the proposed merger between media groups Sony and Zee, according to sources.
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The approval has been given after the Competition Commission of India (CCI) accepted the voluntary remedies proposed by the parties to allay possible anti-competitive concerns, the sources close to the development said.
Combination C-2022/04/923 Commission approves amalgamation of Zee Entertainment Enterprises Limited (ZEE) and Bangla Entertainment Private Limited (BEPL) with Culver Max Entertainment Private Limited (CME), with certain modifications.#CCIMergerControl#mergers#mergerupdatepic.twitter.com/5JFG6RgiHl