Zee-Sony Merger: To address anti-competitive concerns, three Hindi channels will be sold.

Media conglomerates Sony and Zee have voluntarily agreed to sell three Hindi channels – Big Magic, Zee Action and Zee Classic – to address potential anti-competitive concerns arising out of their proposed mega-merger deal .

He had submitted his proposal to the Competition Commission of India (CCI), which has approved the deal, subject to certain modifications, on October 4. More than three weeks after giving its approval for the transaction, the regulator made its detailed 58-page order public on Wednesday.

Pursuant to this order, both the groups have agreed to sell Big Magic, a Hindi entertainment channel, as well as Zee Action and Zee Classic, a Hindi film channel. The CCI on October 4 said that it has approved the proposed Zee-Sony merger deal, which was announced in September last year.