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Sony and Zee Reach Settlement, Ending Merger Disputes
India's Zee Entertainment Enterprises Ltd and Sony have revealed a settlement to resolve all disputes related to their previously planned merger.
The agreement brings an end to the legal proceedings that had been ongoing at the Singapore International Arbitration Centre and the National Company Law Tribunal (NCLT) in India. As part of the settlement, both companies have agreed to withdraw all claims against each other and terminate the Composite Scheme of Arrangement that had been filed with regulatory authorities. Zee, a prominent player in the Indian media space, boasts a global reach of over 1.3 billion people across 190 countries.
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