Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
Sony’s Indian unit and ZEE Entertainment may merge to what analysts say is likely to rival market leader Star and Disney India in terms of viewership and channel offerings.
The merged entity could also become India's biggest entertainment network.
According to ZEE, they have unanimously approved Sony's proposal in principle and have advised their management team to initiate the due diligence process.
Sony Pictures Networks India will hold a 52.93 percent stake in the merged entity following a proposed $1.58 billion capital infusion.
Shares in Sony Pictures Networks India soared by 30 percent on the announcement.
The new entity will be listed on the Indian stock exchanges.
The Indian entertainment market is already one of the world’s biggest, valued at $24 billion, while smartphone adoption could expand.
Sony and ZEE Entertainment operate 75 channels in English, Hindi, and 10 Indian regional languages, which reach 173 countries.
The two firms have a big opportunity in terms of synergies, with Sony doing well in sports, such as cricket, UFC, WWE wrestling, and UEFA soccer, and mainstream general entertainment channels, while ZEE has a strong recall in the regional genre.
Both companies offer extensive movie catalogs, for over-the-top web platforms and TV offerings.
The merger will also combine the two subscription-based streaming platforms SonyLIV and ZEE5--the biggest original digital content publisher in India, having released more than 75 original shows in 2020-21.
