Sony Cancels $10 Billion Merger with Zee Entertainment in India

Sony Group Corporation has terminated its $10 billion merger with Zee Entertainment Enterprises Limited in India after more than two years of negotiations, citing unsatisfied closing conditions. The termination may lead to legal disputes and financial implications, with both parties seeking termination fees. The decision was influenced by concerns over Zee's valuation, leadership disagreements, and market dynamics in India's TV and streaming sector. Sony now faces the challenge of either selling or expanding its Indian TV business amidst increasing competition and industry changes.