Sony Pictures Networks India Merged With Zeel

Sony Group said SPNI and Zeel agreed on a term of not bound, gave them a 90-day monopoly negotiation time to reach a definitive binding agreement.Sony Pictures Networks India Pvt. Ltd., Sony Group Corp.'s multi-channel operator in India, has been negotiated with being able to merge with India's Zee Entertainment Enterprises Ltd

. (ZEEL) of India.Sony Group said SPNI and Zeel agreed on a term of not binding, giving them a 90-day monopoly negotiation time to reach a definitive binding agreement.Sony Pictures Entertainment Inc
, SPNI's parent company, will hold shares Control in the merger company - will be publicly posted in India and expected to lead the transition of the Indian communication industry from regular pay television services to digital networks .Spni There are several channels in India including Sony Entertainment Television, one of the country's leading Hindi entertainment channels. According to Sony Group, the company's services reach more than 700 million TV watching in India and is present in 167 countries./.Tan Anh (according to Kyodo)

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