Zee Entertainment refutes reports about termination of the Zee-Sony merger

Zee Entertainment dismisses rumours about the termination of the $10 billion merger with Sony India. ZEEL is dedicated to ensuring the successful completion of the proposed merger. Sony Group Corp is considering abandoning the merger due to lapses in meeting conditions precedent, particularly the appointment of ZEEL MD Punit Goenka as CEO. Goenka has been cleared of allegations related to fund diversion. The merger aimed to create India's largest broadcast company with over 70 TV channels, ZEE5, Sony LIV, Zee Studios, and Sony Pictures Films India.