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Sony India-Zee Entertainment merger to create $10-bn TV enterprise can hurt competition: CCI
short by Anmol Sharma / on Thursday, 1 September, 2022
A merger between Sony Pictures Networks India and Zee Entertainment to create a $10 billion TV enterprise will potentially hurt competition, the Competition Commission of India's (CCI) notice to the two companies stated. "Such apparently humongous market position would enable the combined entity to enjoy an un-paralleled bargaining power," the CCI stated. The CCI further called for a probe.
read more at Reuters