Monday, 3 October, 2022
TopicSony

Topic: Sony

Sony buys ‘Halo’ and ‘Destiny’ video game’s developer Bungie for $3.6 billion

Buying Bungie will give Sony one of the most popular first-person shooter games to compete with Call of Duty series, which Sony’s main rival, Microsoft, now owns through Activision.

Sony-Zee merger to create media giant valued at $10 billion, Punit Goenka says

Zee’s managing director and CEO Goenka said the revenue will certainly approach almost $2 billion & that he expects all the necessary approvals to come in 8-10 months.

Zee signs definitive merger pact with Sony amid shareholders’ feud

Sony will own a 50.86% stake in the merged entity while Zee founders will own 3.99%. The merger will help expand Sony's media business in India where Zee commands 17% of the market.

Why Invesco versus Zee could be another shareholder activist challenge to falter in Asia

Indian business landscape favours firms that are either substantially owned by a family, or controlled by a multinational. To come out ahead, Invesco might need to tweak its tactics.

How media mogul Subhash Chandra managed to beat a US activist fund & hold on to Zee

Sony is merging with Zee. It will control the larger empire & infuse an additional $1.4 bn of cash into it. But the combined entity will be presided over by Punit Goenka, Chandra’s son.

Sony India signs deal to buy Zee Entertainment, will own 53% of merged entity

Move came after Zee shareholders sought removal of key officials. However, Zee CEO Punit Goenka, whose removal was sought, will lead the merged entity.

The many joys of watching Indians at Tokyo 2020. But it’s the commentary that excites more

Want to cry tears of joy watching Indian athletes in Tokyo? Let Sony's Olympics coverage add to it.

‘How dare you stoop so low’ — SonyLIV receives flak for ‘insensitive’ promotional gimmick

SonyLIV received severe social media backlash over a promotional gimmick for its new series 'Undekhi' during which frantic calls were made to people.

Sony in talks to buy stake in Mukesh Ambani’s Network18 TV company

A successful deal will help Sony bolster its local offerings & take on rivals such as Netflix while it will give Network18 access to international content.

Devil’s in the detail: How Onida TV became a household name in the ’80s

Onida’s new TV came when the market was flooded by Sony, BPL and Videocon sets, but it brought home what none of the others could – neighbour’s envy.

On Camera

YourTurn

Illustration by Prajna Ghosh | ThePrint

Over 38% inmates in Indian jails are OBCs, 10% increase in a decade, study finds

Religious minorities, specifically Muslims and Sikhs, have been overrepresented among prison inmates for years now, but there have been some shifts in the last decade, NCRB data shows.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

Naval Group & IIT Goa signing agreement to extend partnership on 28 September | Twitter @navalgroup

France’s Naval Group, IIT Goa extend R&D deal for underwater surveillance, submarine imaging

Agreement will act as catalyst for improving analysis of data collected by underwater sensors through application of neural systems & AI.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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