Sony-Zee merger risks collapse ahead of its deadline ...Middle East

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Sony-Zee merger risks collapse ahead of its deadline
source : News room odisha ( Middle East ) () 12
New Delhi: The fate of the planned merger between Sony Group Corp.’s India unit and Zee Entertainment Enterprises Ltd may be known as early as next week, according to people familiar with the matter, as the companies face a looming deadline to resolve their standoff or scuttle a long-awaited deal to create a $10 billion media giant, media reports said. Unless the two sides can agree on who’ll lead the merged entity and give the final touches to the merger, Sony is likely to send a letter next week to Zee saying the stipulated demands for the merger couldn’t be met, said the people, who asked not to be named as the information isn’t public, Bloomberg reported. That could be the death knell f

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