Sony plans to call off $10 billion merger with Zee: Report
Monday, 8 January 2024 Sony Group plans to cancel the merger pact of its India unit with Zee Entertainment Enterprises due to a standoff over whether Zee's CEO Punit Goenka would lead the merged entity. Sony no longer wants him as CEO amid a regulatory probe. Discussions are ongoing, but a resolution must be reached before the January 20 deadline. Meanwhile, Mukesh Ambani is negotiating a merger with Walt Disney's India unit to strengthen Reliance Industries's media ambitions.
Sony Ends $10 Billion Merger , With India Media Giant Zee.
The deal was called off
on Jan. 22, CNN reports. .
According to Sony, βthe closing conditions
to the merger were not..
Credit: Wibbitz Top Stories Duration: 01:31Published
Zee Entertainment has moved the National Company Law Tribunal and the Singapore International Arbitration Centre against Sony's decision to terminate the $10... IndiaTimes
Shares of Zee Entertainment Enterprises Ltd (ZEEL) have plummeted following reports of Sony Group Corp considering calling off the $10 billion merger. The... IndiaTimes
Zee on Tuesday denied reports that said Sony was planning to call off the merger even as the stock price of the Indian media major crashed nearly 13% in early... IndiaTimes
Monday, 8 January 2024
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