Zee sony merger: Sony Group Corp on

Sony Group Corp on Monday called off its merger with Zee Entertainment Enterprises Ltd (ZEEL), ending the $10 billion deal after around two years of negotiations. As per an official release by Sony , the definitive agreements provided that if the “ merger did not close by the date twenty-four months after their signature date (the 'End Date'), the parties would be required to discuss in good faith an extension of the end date required to make the merger effective by a reasonable period of ... Zee-Sony merger : Sony on Monday confirmed sending termination notice to Zee Entertainment, ending proposed $10 billion merger in India. The merger aimed to create the largest media giant in India. Sony and Zee had signed definitive agreements in December 2021, but the merger remained incomplete due to regulatory investigation and legal suits. Sony served the termination notice after the End Date passed and the parties failed to agree on an extension. The termination notice was issued on ... Sony officially terminates $10 billion media merger agreement with ZEE , invoking arbitration. ZEE refutes claims. What led to termination and implications? The Quint spoke to experts to weigh in. Implications of the Merger Fallout on Cross-Border Mergers & The Media Industry in India The fallout from the collapsed Sony - Zee merger has sent shockwaves through the Indian media industry, reverberating across the financial landscape and raising significant concerns for investors.