India's Zee Entertainment urges Sony to restore blockbuster merger, sues over termination
Publishing timestamp: 2024-01-24 09:32:04
Summary
Zee Entertainment has urged Sony to revive their merger and has sued the Japanese tech giant over the termination of the deal. Sony called off the transaction, which was reported to be worth $10 billion. Zee Entertainment owns several TV channels, a movie studio, and a streaming service in India, while Sony is seeking a $90 million breakup fee from Zee. Zee has initiated legal action to contest Sony's claims in arbitration proceedings.
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Keywords: breaking news: technology, media, sony group corp, business news, technology, zee entertainment enterprises ltd, breaking news: business, india,