The Competition Commission of India (CCI) is yet to wave the green flag for the merger between Zee Entertainment and Sony.
Recommended ArticlesView All
Biggest casualty of ending LTCG regime is not debt funds but the debt market
Mar 25, 2023 IST6 Min(s) Read
US Fed rate hike — willing to hit but afraid to wound
Mar 25, 2023 IST4 Min(s) Read
Withering Weather: Experts see erratic rains to spell higher food prices and tougher inflation ahead
Mar 24, 2023 IST4 Min(s) Read
Decoding Finance Bill proposals for debt funds: What remains and what changes
Mar 24, 2023 IST3 Min(s) Read
The deal proposes to create a $10 billion media behemoth.
CNBC-TV18 has learnt from sources that the meeting at the CCI held on September 29 was inconclusive.
CCI is concerned that the merged entity could become too huge, with humongous market position. The commission is also concerned about misuse by the merged entity as it could have as many as 92 channels under one umbrella.
The commission has now asked both companies to make written submissions before it takes a final decision.
Watch video for more.