Zee denies report on Sony calling off merger, stock dives
Tuesday, 9 January 2024 Zee on Tuesday denied reports that said Sony was planning to call off the merger even as the stock price of the Indian media major crashed nearly 13% in early trades. Zee said it remained "committed to the merger and is continuing to work towards its successful closure", following the report that the $10-billion merger, which would create one of the largest broadcasting companies in the country, is on the brink of a cliff. Sony, however, didn't come out with any statement.
Sony Ends $10 Billion Merger , With India Media Giant Zee.
The deal was called off
on Jan. 22, CNN reports. .
According to Sony, βthe closing conditions
to the merger were not..
Credit: Wibbitz Top Stories Duration: 01:31Published
Tuesday, 9 January 2024
![Sony Ends $10 Billion Merger With India Media Giant Zee [Video]](https://video.newsserve.net/300/v/20240122/1364049079-Sony-Ends-10-Billion-Merger-With-India-Media.jpg)
