Sony has abruptly terminated its $10 billion merger with Zee, citing unmet conditions. The decision follows a prolonged deadlock, mainly concerning the leadership dispute involving Zee’s CEO, Punit Goenka.
Leadership Impasse
Sony's $10 billion merger with Zee aimed to rival global streaming giants like Netflix and Amazon. However, Sony's recent decision to terminate the merger due to a leadership impasse casts uncertainty over the deal's future viability.
The standoff over Punit Goenka's role in the merged entity, amid an investigation by India's capital markets regulator, has proven insurmountable. If Goenka faces removal from Zee