Sony plans to call off $10 billion merger with Zee: Report

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Sony Group plans to cancel the merger pact of its India unit with Zee Entertainment Enterprises due to a standoff over whether Zee's CEO Punit Goenka would lead the merged entity. Sony no longer wants him as CEO amid a regulatory probe. Discussions are ongoing, but a resolution must be reached before the January 20 deadline. Meanwhile, Mukesh Ambani is negotiating a merger with Walt Disney's India unit to strengthen Reliance Industries's media ambitions.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/x1tn5yX

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