Sony Pulls The Plug On Zee Merger, Demands $90M Termination Fee

Sony Group abruptly terminates the anticipated merger with Zee Entertainment, ending plans for a media conglomerate.

Sony demands a $90 million termination fee, citing alleged breaches by ZEEL.

ZEEL vows to contest Sony's claims, setting the stage for a potential legal battle.

The merger faced delays due to regulatory issues, legal challenges, and disagreements over leadership.

Sony's proposal of NP Singh as CEO intensifies leadership disputes, leading to the deal's demise.

CLSA, Citi, and Motilal Oswal downgrade Zee, citing governance issues, stake crises, and uncertainties.