Sony terminates merger with Zee

Company
23 Jan 2024
5 Min read 
  • Sony terminates merger with Zee Entertainment, seeks termination fee of USD90m.
  •  Zee Entertainment downgraded to Neutral due to fallout of merger and uncertainty.
  •  Zee's performance has been weak, especially in the ad revenue sector.
  •  Zee's options include pursuing the merger, exploring other mergers, or legal action.
  •  Uncertainty in Zee's long-term outlook and valuation.
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