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Sony has been uncomfortable with this regulatory overhang in view of its corporate governance policies, experts tracking the deal said. It has been pushing the name of its India MD & CEO NP Singh for the top job, which Zee's Punit Goenka has opposed. ....
As per the report, the Japanese company is allegedly looking to cancel the deal due to a standoff involving Zee’s Chief Executive Officer Punit Goenka. The standoff has risen over whether Punit Goenka, who is founder Subhash Chandra's son, would lead the merged entity or not. Zee-Sony Merger Update: Sony Likely To Call Off USD 10 Billion Merger With Zee, Issue Termination Notice by January 20, Says Report. ....
The Bombay High Court on Tuesday allowed Invesco Developing Markets Fund's appeal against the single judge's order, according to lawyers involved in the matter. The single judge's order has been set aside on all counts. ....