Zee shares plummet 10% on buzz of Sony calling off $10 billion merger

Shares of Zee Entertainment Enterprises Ltd (ZEEL) have plummeted following reports of Sony Group Corp considering calling off the $10 billion merger. The decision is attributed to regulatory hurdles faced by Zee Entertainment's Managing Director, Punit Goenka.

Jan 9, 2024 - 12:30
Zee shares plummet 10% on buzz of Sony calling off $10 billion merger
Shares of Zee Entertainment Enterprises Ltd (ZEEL) have plummeted following reports of Sony Group Corp considering calling off the $10 billion merger. The decision is attributed to regulatory hurdles faced by Zee Entertainment's Managing Director, Punit Goenka.