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Sony, Zee provide concessions to ease India watchdog fear over merger, sources say




NEW DELHI – A unit of Sony Group and India’s Zee Leisure have proposed providing concessions corresponding to pricing reductions to assist ease issues of the nation’s antitrust regulator over their merger, which is able to create a $10-billion TV behemoth, two sources informed Reuters.

The concessions are a bid to iron out antitrust worries of the Competitors Fee of India (CCI), which in an Aug. 3 discover warned the businesses of additional scrutiny, saying their “humongous market place” would enable them to get pleasure from “un-paralleled bargaining energy” with 92 channels in India’s large media and leisure market.

Specifically, the CCI was involved over how huge an impression on competitors …

Carry on studying: Sony, Zee provide concessions to ease India watchdog fear over merger, sources say

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