India’s Zee Entertainment approves merger with Sony unit

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A guard stands next to a banner of Zee television outside a film studio in Mumbai, India, September 24, 2021. REUTERS/Francis Mascarenhas

BENGALURU, Dec 22 (Reuters) – Sony’s (6758.T) India unit and its local rival, Zee Entertainment (ZEE.NS), have finalised a deal to merge television channels, film assets and streaming platforms, Zee said on Wednesday.

Zee has also approved the appointment of Punit Goenka as chief executive officer of the merged company.

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Reporting by Chandini Monnappa in Bengaluru; Editing by Devika Syamnath

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