Business & FinanceDeals
29 January 2024, 7:10 pm 1 minute
Reuters exclusively reported that Sony scrapped the $10 billion merger of its Indian arm with Zee Entertainment (ZEE.NS), in part because Zee failed to meet some financial terms of the deal and come up with a plan to address them.
Market Impact
Zee’s shares have fallen about 30% since the deal collapsed.
Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & FinanceMergers & Acquisition
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story