Zee-Sony Merger Saga: Sony Likely To Walk Out
2023 • 7min • News • Business
Published On: November 30, 2023 - Some regulatory and leadership challenges seem to have plagued the Zee-Sony merger deal. A Bloomberg report suggests that Sony may walk out of the deal as it does not want Zee's Punit Goenka to take the top job at the merged entity. Instead, it wants Sony India's MD & CEO NP Singh to take charge. However, sources at Zee Entertainment have confirmed to News9 exclusively that no formal communication from Sony has yet been received. Will the deal happen or not? Watch News9’s Kartik Malhotra in discussion with Karan Taurani, Senior Vice President at Elara Capital to make sense of this development.