Business & FinanceDeals

Sony scrapped $10 bln India merger as Zee failed to meet financial terms

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

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