SEBI Probe Reveals Rs 800 - Rs 1,000 Crore Siphoned Off From Deal

2024 • 8min • News • Business


Published On: January 24, 2024 - After the cancellation of the Zee-Sony merger, a SEBI probe reveals that around Rs 800 - Rs 1,000 crore have been siphoned off from the deal. The amount is higher than the earlier reported figure of Rs 200 crore. The $10 billion merger was called off by Sony after two-long years of negotiations between both entities. Sony is also seeking a termination fee from, amounting to $90 million. Join News9’s Krishnakumar and Kartik Malhotra for more details on the story.