$10 bn Zee-Sony merger deal collapses after 2 yrs of talks
Setback to Zee as Sony sends termination letter; cites failure to fulfil agreement as reason behind deal collapse
zee sony merger deal
January 2024
December 2023
Zee-Sony merger: Talks to continue till Jan 20
Sony Group says it is engaged in ongoing talks regarding a potential merger between its Indian subsidiary and Zee
Sony agrees to discuss merger deadline extension with ZEE; stock surges 6%
The deal which was signed on December 21, 2021, to create the country’s largest media and entertainment conglomerate worth $10 billion, had an initial deadline of January 2023
Not agreed to deadline extension; yet to hear proposal from Zee: Sony India
The company’s statement comes a day after ZEE sought more time for the proposed merger with Sony Pictures Network India, now known as Culver Max Entertainment Private Limited.
