Zee asks Sony to withdraw $10 billion merger termination

Zee Entertainment has asked Sony Group to reverse its decision to terminate a $10 billion merger. Zee has initiated legal action and approached the National corporation Law Tribunal for guidance. "The company has complied with all its obligations in good faith," Zee said in a regulatory filing. The termination came after a stalemate over the leadership of the merged entity.

Jan 24, 2024 - 18:30
Zee asks Sony to withdraw $10 billion merger termination
Zee Entertainment has asked Sony Group to reverse its decision to terminate a $10 billion merger. Zee has initiated legal action and approached the National corporation Law Tribunal for guidance. "The company has complied with all its obligations in good faith," Zee said in a regulatory filing. The termination came after a stalemate over the leadership of the merged entity.