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Sony Pictures had terminated its merger with Zee back on January 22, citing unfulfilled conditions which put an end to the plans of jointly creating a media behemoth.
In January, the Sony Group Corp called off two-year-long merger talks with ZEEL following a stalemate over who would lead the merged entity
Both Sony and Sun TV are in talks to pick up a strategic stake in the southern video streaming platform
The ball is in Sony's court. They need to respond if the deal has to be revived: Zee
Sources said during the one-month extension of the negotiation period, ZEEL had proposed an extension of a further six months for closing the transaction, even offering to discuss any other alternate closing timeline that Sony believed would be reasonable and achievable.