Behind the Scenes: The Sony-Zee Merger Collapse Unveiled through Internal Emails
The collapse of the much-anticipated $10 billion merger between Sony and Zee has unveiled a dramatic back-and-forth between the companies, shedding light on more than 20 compliance issues that contributed to the breakdown. Internal emails exchanged between Sony’s legal and M&A executives in India and Los Angeles and top Zee executives provide insight into the […]
Sony readies for metaverse revolution with cross-platform push
Japanese conglomerate Sony Group Corp said that it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses. The metaverse is a vague term encapsulating the idea that consumers will spend more time in online simulated environments. While the concept is […]
Sony, Nintendo pledge ‘roll-over’ gaming contract changes in Britain
Britain’s competition regulator said that it had secured commitments from Japan’s Sony and Nintendo. This is to make it clear to customers how the companies automatically renew online gaming subscriptions. And that too after a three-year sector investigation. The Competition and Markets Authority (CMA) began its inquiry to check whether roll-over contracts for gaming services from […]
SONY expects profit to slip after pandemic boom
Japan’s Sony Corp said that it is expecting its operating income to slip 4.3% this business year. This is a result of record profit from sales of music, games and other content to people. And these are all due to the pandemic situation significantly. Previously Sony was well fledged only in consumer electronics. But this increased […]