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NCLT grants hearing to shareholders’ appeal on Zee-Sony merger

The companies will also withdraw the respective Composite Schemes of Arrangement from the NCLT and inform the relevant regulatory authorities.

The hearing for the case is scheduled for March 12.

HT Media gimmick: Not shutting down Fever FM

The Fever Network includes Fever FM, Radio One, Radio Nasha, and Punjabi Fever. (Image sourced via HT Media website)

HT Media is not shutting down Fever FM. It was all a gimmick to announce its digital pivot.

Zee’s failure to meet financial terms made Sony scrap $10 billion India merger deal

After the deal was terminated in January, Zee apparently has reached out to the Sony executives to reconsider the termination and has also offered for talks this month.

The merger, announced on December 22, 2021, faced delays and unmet closing conditions, ultimately leading to the expiration of the end date.

HT Media to shut down Fever FM radio station

The Fever Network includes Fever FM, Radio One, Radio Nasha, and Punjabi Fever. (Image sourced via LinkedIn)

Fever Network was launched in 2006, and has 22 stations across 15 cities in India.

Zee – Sony Merger collapse: Emergency arbitration in Singapore, hearing tomorrow

On April 16, ZEEL had said that it has decided to withdraw the merger implementation application filed before the NCLT, Mumbai bench against Sony.

Zee had initiated legal action to contest Culver Max and BEPL’s claims at the Singapore International Arbitration Centre.

BCCI invites bids for official partner rights in upcoming IPL season

While Singapore has emerged as a new contender, Saudi Arabia remains firmly in the running, with locations such as Riyadh or Jeddah under serious consideration.

The RFQ will be available for purchase till February 19, 2024.

What Byju’s founder said in a letter to shareholders

The issue will take place at a post-money valuation of $225 million, which is significantly lower than the previous valuation of $22 billion. (Image sourced via Forbes India)

Byju’s founder and CEO Byju Raveendran addresses a letter to shareholders explaining the complexities posed by recent challenges, and how Byju’s, the leading edtech company, remains committed to its mission.

Netflix emphasises AI threat to streaming and creative industries

Netflix will also expand its buying capabilities to include The Trade Desk, Google's Display & Video 360, and Magnite who will join Microsoft as the main programmatic partners for advertisers.

Netflix acknowledges the potential risks associated with the rapid evolution of generative AI technologies in the streaming and creative industry.