The CEO leadership dispute at Zee Entertainment prompts Sony Group to terminate their $10 billion merger.

Sony Group Corp. has notified Zee Entertainment Enterprises Ltd. about its plans to terminate the merger between its India unit and the media network, citing unmet conditions in the merger agreement. The primary issue between the two companies was whether Zee's CEO, Punit Goenka, would lead the merged entity, causing the $10 billion deal to fall through and leaving both companies more vulnerable amid increasing competition.

January 21, 2024
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