India's Zee Entertainment dives 31% after Sony calls off mega merger

India's Zee Entertainment dives 31% after Sony calls off mega merger

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Logo for ZEE5, an over-the-top platform of Zee Entertainment Enterprises. Shares of India's Zee Entertainment fell 31% on Tuesday after a division of Japanese tech giant Sony scrapped plans for a merger. Sony first proposed to combine its India entertainment business with Zee in December 2021.…

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