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.
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
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