According to sources, Sony has reportedly sent a termination letter to Zee, cancelling the $10 billion merger deal.
Sony has reportedly sent a termination letter to Zee Entertainment Enterprises, officially calling off the proposed $10 billion media merger deal after a prolonged two-year process. The termination notice, citing unmet conditions in the merger agreement, was sent by Sony following a critical meeting on Friday, marking the end of negotiations. The decision is rooted…