ZEE Tanks 32% After Sony Merger Cancelled
Sony’s $10 Billion Merger with Zee Entertainment Hangs in the Balance
In a surprising turn of events, Sony Group Corp. is reportedly considering the termination of the merger pact with Zee Entertainment Enterprises Ltd., a deal that aimed to create a $10 billion media giant. The potential dissolution comes after two years of twists and turns, culminating in a standoff over the leadership of the merged entity.