Trilegal obtains CCI clearance for USD 10 billion Zee – Sony amalgamation in Phase I

Trilegal obtains CCI clearance for USD 10 billion Zee – Sony amalgamation in Phase I

Trilegal acted as the sole advisor to ZEE Entertainment Enterprises Limited (ZEE) and Essel Group in securing an approval from the Competition Commission of India (CCI) pertaining to the proposed ZEE – Sony amalgamation.

Trilegal acted as lead counsel before the CCI for the ZEE – Sony amalgamation which was cleared on 4 October 2022 subject to certain modifications.

The CCI issued a show-cause notice with their prima facie competition concerns and sought an explanation as to why a detailed investigation in Phase II should not be undertaken. The Trilegal team advanced legal and economic arguments and successfully convinced the CCI to approve the ZEE-Sony amalgamation in Phase I with certain remedies.

The Trilegal competition team representing ZEE was led by Nisha Kaur Uberoi, Partner & National Head - Competition Law, and Gautam Chawla, Partner; assisted by Radhika Seth, Counsel; Ankush Walia and Swati Sharma, Senior Associates; and Akrathi Shetty, Ishan Arora, Vrinda Nagpal, Madhav Kapoor, Prerana De, Vasudha Verma, Akanshha Agarwal, and Devika Dhawan, Associates.