Zee-Sony to sell off Big Magic, Zee Action and Zee Classic to address CCI’s merger concerns
Broadcasting networks Zee Entertainment Enterprises (Zee) and Culver Max Entertainment (erstwhile Sony Pictures Networks India) have agreed to hive off three Hindi channels—Big Magic, Zee Action and Zee Classic—to allay any anti-competitive concerns of the Competition Commission of India (CCI).
The fix “sufficiently” addresses “all possible competition concerns” in India, the watchdog said in a 58-page order approving the proposed merger.
Read more at: ECONOMIC TIMES
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