Sony has dropped its merger with Indian company Zee Entertainment, demanding $90 million in termination compensation.
Gabriel Dumitrache
International
Seokyong Lee/Penta Press/Shutter / Shutterstock Editorial / Profimedia
Always see our news on Google
Sony has abandoned its merger with Zee Entertainment, citing failure to fulfill certain conditions to the deal. Zee rejected Sony's accusations and announced it would take legal action. The impasse over the management of the combined company has jeopardized the merger, with Zee proposing Punit Goenka as managing director. The Indian company is facing falling advertising revenues and cash reserves.
Sources
Latest News
22:05
The Court of Cassation of France rejects the appeal of Paul of Romania and approves his handover to Romania
21:51
Ilie Bolojan, call to Romanians to reduce energy consumption during peak hours after the shutdown of the reactors at Cernavodă
21:33
Bucharest City Hall: 66 blocks in Aviației and Dorobanți will have hot water through a new pipeline
21:13
Two firefighters died in the wildfires in Crete. Several localities have been evacuated.
20:59
The second auction for the sale of the Mangalia Shipyard has ended without bidders.
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
