Sony-Zee Merger Can Hurt Competition, Scrutiny Needed, Says Antitrust Watchdog: Report
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Sony and Zee in December decided to merge their television channels and film assets.(Representational)New Delhi: A merger between the Indian unit of Japan's Sony and Zee Entertainment to create a $10 billion TV enterprise will potentially hurt competition by having "unparalleled bargaining power", the antitrust watchdog found in an initial review, according to an official notice seen by Reuters.The Competition Commission of India's (CCI) Aug 3 notice to the two companies stated the watchdog is of the view that a further investigation is merited in the case.Sony and Zee in December decided to merge their television channels, film assets and streaming platforms to create a powerhouse in a key media and entertainment growth market of 1.4 billion people, challenging rivals like Walt D...