India’s Zee Entertainment pops 10% on report that $10 billion merger with Sony is being revived
Publishing timestamp: 2024-02-20 04:14:39
Summary
Zee Entertainment's shares jumped over 10% after reports of revival of $10 billion merger with Sony. The negotiations had collapsed last month but recent attempts to salvage the deal have gathered steam. Sony and Zee have not responded to requests for comment. Sony's shares were down more than 1% in Japan. The merger would have created a potential content and entertainment powerhouse in India.
Sentiment: MIXED
Keywords: india, sony group corp, television, mergers and acquisitions, zee entertainment enterprises ltd, technology, entertainment, business news, media,