SONY - Zee Entertainment Reportedly Squashes Rumors: Firm On Sony Deal Amid Speculation Swirl | Benzinga
Indian media conglomerate Zee Entertainment Enterprises reportedly reaffirmed its commitment to a merger with Sony Group Corp's (NYSE: SONY) local arm in India, countering recent media speculations suggesting that the $10 billion deal might be on the verge of collapse.
Zee emphasized that reports about the deal falling apart are "baseless and factually incorrect," and it remains dedicated to finalizing the merger, reported Reuters.
Media reports on Monday indicated that Sony was considering terminating the ...