Sony terminates merger with Zee
Sony on January 22 issued notice to Zee Entertainment Enterprises Ltd. (ZEEL) terminating the agreement dated December 22, 2021, to merge ZEEL and CME.
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Sony on January 22 issued notice to Zee Entertainment Enterprises Ltd. (ZEEL) terminating the agreement dated December 22, 2021, to merge ZEEL and CME.
Sony "terminated" on Monday the $10-billion merger of its Indian operations with local rival Zee Entertainment that would have created a new streaming giant in the world's most populous nation.
As the $10 billion merger deal with Sony (now Culver Max Entertainment) fails after nearly two years of deliberations, the big question in the face of looming competition and other challenges is, what next for Zee? The obvious answer for this India-born company seems to be from within India itself, , zee entertainment, Sony-Zee Merger, subhash chandra, punit goenka
Sony cited unmet conditions as the reason for terminating the merger with Zee
The merger could have otherwise created a USD 10 billion media enterprise in the country.