Sony Cancels $10 Billion Merger Deal with Zee India

Sony Group has terminated a $10 billion merger with Zee Entertainment's Indian operations due to an impasse over leadership of the combined entity, despite Zee's commitment to the deal. The termination comes amid intense competition in the Indian market, including the impending merger between Disney's Indian businesses and Reliance Industries' media assets. The collapse of the deal could negatively impact both parties, as they sought to scale up in the face of digital disruption and potential increased competition.