The Competition Commission of India has sent a notice to Sony and Zee networks over the possibility of their proposed India merger hurting competition through “unparalleled bargaining power”, according to a Reuters report.
In a 21-page notice, the watchdog said the proposed deal would place the combined entity in a "strong position" with around 92 channels in India. “Such apparently humongous market position would enable the combined entity to enjoy an unparalleled bargaining power," the CCI observed, adding the networks could increase the price of channel packages.
