ZEEL-Sony merger in final stages, combined revenue to reach USD 2 billion: Punit Goenka
Zee News
Speaking at APOS India Summit, Goenka said that the two companies will come together to form the largest entertainment media entity in the country.
New Delhi: Zee Entertainment Enterprises Limited (ZEEL) Managing Director and CEO Punit Goenka on Tuesday (November 23) said that the company’s merger with Sony Pictures Networks India (SPN) is in the final stages. He asserted that the combined revenue of the merged entity would reach close to USD 2 billion.
Speaking at APOS India Summit, Goenka said that the two companies will come together to form the largest entertainment media entity in the country.
"ZEE and Sony will form the largest entertainment media player in the country. Our combined revenues on a standalone basis will be around USD 2 billion. Sony will infuse USD 1.575 billion in the merged entity,” said Goenka.
