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Zee-Sony India merger talks stall over disagreement on leadership

Reuters · 1y

Merger talks between Zee Entertainment Enterprises and Sony's Indian arm have hit a roadblock due to a disagreement over the leadership of the merged entity, according to Mint. Sony wants its Indian operations managing director, N.P. Singh, to head the company, while Zee's candidate, Punit Goenka, is facing an ongoing investigation. A failure to reach an agreement on leadership by December 21 may derail the merger.