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Sony Pictures terminates Merger Plans with Zee Entertainment medianama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medianama.com Daily Mail and Mail on Sunday newspapers.
Zee-Sony merger: Sony on Monday confirmed sending termination notice to Zee Entertainment, ending proposed $10 billion merger in India. The merger aimed to create the largest media giant in India. Sony and Zee had signed definitive agreements in December 2021, but the merger remained incomplete due to regulatory investigation and legal suits. Sony served the termination notice after the End Date passed and the parties failed to agree on an extension. The termination notice was issued on January 22, 2024. ....
Sony has called off the merger between its India unit and Zee Entertainment as the Japanese company served a termination notice to the Indian conglomerate ending a two-year acquisition deliberation of the proposed $10 billion mega merger. Find out more about the reasons behind the termination and the impact on the entertainment industry. ....
Mumbai: Japanese Entertainment Giant Sony Group Corp on Monday formally communicated to Zee Entertainment Enterprises Ltd its decision to call off the merger with its India unit. Sony cited. ....