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No Sony Nod Yet to Extend Merger Date

The Sony-Zee mega merger still hangs in the balance. Sony Pictures Networks India (SPNI) Tuesday said it hasnt yet decided on extending the Thursday, December 21, deadline to complete the merger with Zee Entertainment Enterprises Ltd (ZEEL).

sony: No Sony nod yet to extend Zee merger date - The Economic Times

In a statement, the Sony Group Corporation-owned company said Zee has acknowledged that it will not be able to meet the deadline. SPNI said it looks forward to hearing ZEEL s proposals and how it plans to meet the remaining key conditions.

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