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CCI approves Zee-Sony merger with conditions

The Competition Commission of India (CCI) on Tuesday said it approved the Sony-Zee merger but with certain conditions. The two companies Sony and Zee are yet to issue any statement on the matter.

cci approves zee-sony merger with conditionsCME is a wholly owned subsidiary of Sony Group Corporation (SGC). CME is part of the SGC group (SGC Group). CME has several general entertainment channels (GEC), film, sports and kids’ entertainment channels in India. SonyLIV is CME’s digital entertainment video service which provides OTT services in India and international markets. CME reaches out to over 700 million viewers in India and is available in 167 countries.

"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," the anti-trust body said in a tweet.

BEPL is also an indirect wholly owned subsidiary of SGC and a part of the SGC Group. BEPL is broadly engaged in the acquisition of rights for motion pictures, events and other TV content; and generation of advertising revenue from the telecast of TV content.

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.

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