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Sony Pictures Networks India has finalized a deal with local rival Zee Entertainment to merge their television channels, film assets and streaming platforms, after the Competition Commission of India approved the deal with certain conditions.

Warner Bros. Discovery held a company-wide global town hall over Zoom where its CEO, David Zaslav, addressed some recent merger rumors and assured: “we are not for sale, absolutely, not for sale.”

German media group Bertelsmann has put its French television business M6 up for sale after the competition regulator blocked plans for a merger with TF1.

TF1 and M6 groups, the top two commercial networks of France, have decided to call off their plan to merge after being auditioned by the country’s anti-trust board.

A merger between the Indian unit of Sony and Zee Entertainment to create a US$10 billion TV enterprise will potentially hurt competition, the country's antitrust watchdog found in an initial review.