Sony-Zee merger gets conditional approval from Competition Commission of India

The Competition Commission of India (CCI) gave conditional approval Tuesday to the merger plan of Zee Entertainment Enterprises (Zee) and Sony Pictures Networks India (SPNI), which will create India’s largest media entertainment firm.

The specific conditions laid down by the antitrust regulator are not known, barring that the two firms should ensure there’s no unfair dominance in any market. Zee and Sony have agreed to the changes proposed by the CCI. “CCI approves amalgamation of Zee and Bangla Entertainment Private Ltd (BEPL) with Culver Max Entertainment Private Ltd (CME), with certain modifications,” the CCI said in a tweet.