Zee Entertainment seeks $90M termination fee from Sony Group for cancelled $10B merger in January.
Zee Entertainment Enterprises has sought a termination fee of $90 million (approx. Rs 748.7 crore) from Sony Group for calling off the $10 billion merger deal in January this year. Zee has claimed breaches under the Merger Cooperation Agreement (MCA) by Sony Pictures Networks India, now known as Culver Max Entertainment, and Bangla Entertainment (BEPL). The company has demanded a termination fee from these entities, as stipulated in the MCA.
May 23, 2024
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