Sony pulls plug on $10bn merger with Zee, seeks $90m termination fees

Sony pulls plug on $10bn merger with Zee, seeks $90m termination fees

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After two years of deadlock in negotiations, Japan’s Sony Corp on Monday called off its proposed $10 billion merger between its India unit and Zee Entertainment Enterprises.Sony Corp’s 62-page merger termination notice came just when Zee had requested it to extend the deal deadline.While Sony…

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