Sony-Zee Merger Termination: Concerns for Unilever, P&G; likely cheer for Ambani
Sony terminates Zee deal: Sonys decision to abandon a $10 billion Indian media merger will leave large advertisers like Unilever and Procter & Gamble with limited options. They may have to turn to a potential rival to reach Indias 1.4 billion population. Sonys local unit terminated the deal with Zee Entertainment after disagreement over who would lead the merged entity. The termination was likely influenced by an ongoing inquiry into funds misappropriation by Zees founder and CEO, Punit Goen...
Source: indiatimes.com