Sony, Zee clashed over Russia assets before India deal collapse-emails
Thursday, 1 February 2024
Sony and Zee disagreed over compliance issues including Russian assets and a $1.4 billion Disney cricket rights deal, according to internal emails. The emails reveal accusations of not honoring merger commitments and a face-off over Russian subsidiaries. The collapse of the deal is a setback for Zee, whose shares have fallen 27%.
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