Sony calls off merger with India media giant Zee - BBC News

Zee considers legal action after Sony ends the planned $10bn merger of the firms' Indian operations.

4 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesSony's Indian arm has scrapped a planned merger with Zee Entertainment which would have formed one of India's largest entertainment groups.

The $10bn merger, first announced two years ago, was set to combine more than 75 television channels, film assets and two streaming platforms.

Sony said merger conditions had not been met, but there have been reports of a disagreement over leadership.

In response, Zee said it could take legal action against Sony.

The closing date for the deal had been set as 20 January, but Sony said this was not met "as, among other things, the closing conditions to the merger were not satisfied by then".

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