CosmicTaco
Zee and Sony India Settle Disputes, Terminate $10 Billion Merger Deal
- Zee Entertainment and Sony's Culver Max reach settlement agreement
- Companies to withdraw claims from Singapore arbitration center
- $90 million termination fee and damage claims relinquished
- Zee shares close 11% higher at Rs 150.90 after announcement
- Merger would have created $10 billion media company with 70+ TV channels
Source: Economic Times
11mo ago
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