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The Times of India

Business

PTI

Zee-Sony merger: Groups agree to sell 3 Hindi channels to address anti-competition concerns

Zee Sony CCI CME Entertainment New Delhi SPNI ZEEL

NEW DELHI: Media groups 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.

They submitted their proposal to the Competition Commission of India (CCI), which cleared the deal subject to certain modifications on October 4.

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