Big Law

Sony Unit Continues to Hold Merger Talks With India’s Zee

The Sony Group continued to hold talks with Zee Entertainment Enterprises to merge their businesses in India, the Nikkei reported on Wednesday, citing people involved in the negotiations, after media reports earlier said the Japanese company was planning to scrap the $10 billion deal.

The talks will continue until a Jan. 20 deadline to close the deal, the Nikkei reported.

Bloomberg News reported on Monday that Sony planned to file a termination notice before the deadline over an impasse on whether Zee CEO Punit Goenka, who is facing a regulatory probe, will lead the merged company.

Read the source article at Yahoo Finance

Back to top button