It’s Official: Sony Scraps $10B Zee Entertainment Merger in India ...Middle East

More than two years after announcing a bold $10 billion merger of its TV and streaming businesses in India with local giant Zee Entertainment, Sony Group said Monday that it is officially abandoning the deal. “After more than two years of negotiations, we are extremely disappointed that closing conditions to the merger were not satisfied by the end date,” Sony said in a statement Monday from its offices in India. “Although we engaged in good faith discussions to extend the end date under the merger cooperation agreement, we were unable to agree upon an extension by the January 21 deadline.” It added: “We remain committed to growing our presence in this vibrant and fast-growing marke

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