Sony terminates merger with Zee Entertainment due to unmet conditions

Published: 22 January 2024 at 10:53

Sony has sent a termination letter to Zee Entertainment, officially calling off their two-year merger agreement. The termination was prompted by the unmet conditions of the merger, including a leadership dispute and alleged breaches of the merger cooperation agreement terms. Zee Entertainment denies the allegations and is evaluating its options, including legal action. The collapsed deal leaves Zee vulnerable to competition as rivals, such as Reliance Industries and Walt Disney, continue to pursue their own merger talks in the Indian media market.

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