Zee Nosedives After Sony Scraps $10 Billion India Merger
(Bloomberg) -- Zee Entertainment Enterprises Ltd. plunged by a record after the cancellation of a planned $10 billion merger with Sony Group Corp. sparked a flurry of downgrades, with analysts predicting a sharp contraction in the Indian company’s valuation.Most Read from BloombergChina Weighs Stock Market Rescue Package Backed by $278 BillionIndia Tops Hong Kong as World’s Fourth-Largest Stock MarketHong Kong Stocks at 36% Discount Show True Depth of China GloomFlorida Governor DeSantis Drops O