Sony is planning to call off $10 billion merger with Zee.

Sony Group Corp is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises due to a standoff over whether Zee CEO Punit Goenka would lead the merged entity. Sony plans to file the termination notice before a January 20 extended deadline for closing the deal. The proposed merger had received almost all regulatory approvals and would have helped expand Sony's media business in India, creating a $10 billion media giant.

January 08, 2024
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