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Sony Pictures Networks agrees to invest $1.58bn in landmark Zee merger

LONDON, ENGLAND - AUGUST 16: Mohammed Siraj of India (centre) grabs a souvenir stump after bowling Jimmy Anderson of England to give India victory in the Second LV= Insurance Test Match: Day Five between England and India at Lord's Cricket Ground on August 16, 2021 in London, England. (Photo by Mike Hewitt/Getty Images)

Indian pay-television broadcaster Sony Pictures Networks and media company Zee Entertainment have announced plans to merge into a publicly-listed company