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Zee Entertainment Enterprises CEO Punit Goenka reacted to Sony officially ending the merger of its India unit with Zee, calling it a ‘sign from the lord’
In a board meeting today, ZEE Entertainment Enterprises' (ZEEL) Board of Directors noted that all efforts and steps were taken by the company in line with the Merger Cooperation Agreement, approved by its shareholders and all regulatory authorities, , Sony-Zee Merger
ZEE Entertainment Enterprises Ltd (ZEEL) held a board meeting today to take note of the merger termination notice sent by Japan's Sony Group Corp.
Sony calls off its $10 billion merger with Indian TV giant Zee, says two years of negotiations are enough.
It has also denied Sony’s claim to termination fees of USD 90 Million on account of the alleged breaches.