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Business deals

Indian broadcaster Zee draws shareholder fire over Sony merger

U.S. fund manager Invesco cites unfair advantage to founding family

Sony Group looks to create India's largest broadcaster with a merger between its local subsidiary and Zee Entertainment Enterprises.   © Reuters

MUMBAI -- U.S. fund manager Invesco, a major shareholder in Indian media giant Zee Entertainment Enterprises, objects to a proposed takeover by Sony Group, saying the deal would "unfairly favor" the founding family.

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