Zee to sell three channels to address anti competition concernZEEL - 286 Change: 7.40 (2.65 %)
As per CCI documents, Sony and Zee have voluntarily agreed to sell three Hindi channels, Big Magic, Zee Action and Zee Classic, to address possible anti-competition concerns arising out of their proposed mega-merger deal. One of the conditions is that the purchaser should not be "Star India Pvt Ltd or Viacom18 Media Pvt Ltd (including their respective affiliates)"
While figures are not available, as per our assessment, these channel's contributions may be less than 2-3% of Zee’s revenues (pre-merger). Thus, there will be no major impact on overall revenues. Recall, that the company has already been granted conditional approval for merger by CCI