Entertainment
Sony, Zee sign definitive merger agreement amid shareholder spat
Zee Entertainment Enterprises Ltd., India’s largest listed TV network, approved a merger agreement with a local subsidiary of Sony Group Inc. because of complex board and court disputes between Zee’s founder and its largest shareholder.
Sony Pictures Networks India Pvt. According to an exchange document submitted by Zee on Wednesday, it will own 50.86% of the shares of the combined entity, and Zee’s current holding company Essel will own 3.99% of the shares. As part of the final agreement, public shareholders will own the remaining 45.15%. According to the document, Zee’s board approved the appointment of Punit Goenka, the son of founder Subhash Chandra, as the CEO of the newly formed entity.
This transaction will help expand Sony’s media business in the world’s second most populous country, where Zee holds 17% of the media and entertainment market. The transaction announcement was made three months after the announcement of the non-binding agreement between Zee and Sony on September 22, which escalated the acquisition battle between the Chandra family and the Atlanta-based Invesco Development Markets Fund, which owns 18 % Of shares, this is the largest shareholding. The latest development shows that Sony and Chandra are redoubled their efforts to complete the transaction. Although Chandra is eager to retain his family’s influence on the debt-ridden media company he founded in 1992, the acquisition of Zee will allow Sony to reach its global audience of more than 1.3 billion, as well as a huge local Indian language dating back to the 1990s Content library. As of the end of March, Zee’s own streaming media platform is also a leader in local players, with close to 73 million monthly active users.
Complete News Source : Hindustan Times
Bollywood
Sonakshi takes saiyyan Zaheer to bhaiya Kapil Sharma’s show; Shatrughan Sinha joins them as ‘bhola bhala aadmi’
This weekend, Sonakshi Sinha and Zaheer Iqbal will grace Kapil Sharma’s show with Shatrughan Sinha and Poonam Sinha for a family special episode
Back in May this year, Sonakshi Sinha made an appearance on Kapil Sharma’s comedy show to promote her web series Heeramandi: The Diamond Bazaar. The actor was joined by her co-stars Manisha Koirala, Aditi Rao Hydari, Richa Chadha, Sanjeeda Sheikh and Sharmin Segal. During this episode, Kapil told Sonakshi that her fellow Bollywood divas Alia Bhatt and Kiara Advani are now married. Hearing this, Sonakshi claimed that Kapil is rubbing salt in her wounds because he knows how eager she is to get married. Sonkashi’s wish was granted a month later when she tied the knot with Zaheer Iqbal. Well, she is now returning to Kapil’s show, this time with her husband.
In the trailer of the upcoming episode, Sonakshi introduces Zaheer to Kapil in a hilarious way. She claims that anyone who wants to get married should come to Kapil’s show and call him ‘bhaiya’. Gesturing at Zaheer, Sonakshi then tells Kapil, “Bhaiya, meet my saiyyan.” Well, things get even more fun when Sonakshi’s superstar father Shatrughan Sinha joins them along with her mother Poonam Sinha. This is the first time the entire Sinha family and their new son-in-law have appeared together on national television. At the end of this trailer, Shatrughan describes himself as ‘bhola bhala, shareef aadmi’. But Poonam leaves everyone in splits when she replies, “Mujhse poocho.”
In another fun bit, Shatrughan reveals how Dharmendra once told him to always be ‘a one woman man, at a time’. Well, fans can’t keep calm and are now expressing their excitement in the comment section below. For instance, one social media user gushed, “So happy they’re gonna be on the show! ❤️❤️❤️❤️,” whereas another Sonakshi-Zaheer fan claimed, “This episode is a slap to people who were saying that Shatrughan was not happy with Sonakshi and Zaheer’s marriage.”
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