![]() ![]() “The approval from the CCI is a yet another positive step in the overall merger approval process. The merged company will create extraordinary value for Indian consumers and eventually lead the consumer transition from traditional pay TV into the digital future,” said Sony Pictures Networks India in a media statement. We will now await remaining regulatory approvals to finally launch the new merged company. “We are delighted to receive CCI approvals to merge ZEEL into SPN. The companies have not provided much detail either. Other sources suggest disposals of smaller assets less central to the deal are more likely.ĭespite running to 21 pages, Tuesday’s CCI ruling does not fully clarify the conditions the competition regulator is imposing. ![]() Indian media has reported that these could include the sale or closure of a general entertainment channel. Since then, it has been reported that in order to get the deal across the line the companies have offered a range of voluntary concessions. ![]()
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