Sony-Zee merger can hurt competition, more scrutiny needed: India watchdog

Sony-Zee merger can hurt competition, more scrutiny needed: India watchdog

Photo by rawpixel on Unsplash

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 country’s antitrust watchdog found in an initial review, according to an official notice seen by Reuters.