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Zee enters into settlement agreement with Sony India; terminates $10 bn deal
Zee Sony Merger News: Zee Entertainment and Sonys Culver Max Entertainment reached a settlement, resolving disputes and terminating their $10 billion merger. The companies agreed to withdraw claims in Singapore and forgo termination fees and damages. Zees shares increased by 8% post-announcement. Originally approved in August, the merger would have created a leading media company.
Zee Sony Merger News: Zee Entertainment and Sonys Culver Max Entertainment reached a settlement, resolving disputes and terminating their $10 billion merger. The companies agreed to withdraw claims in Singapore and forgo termination fees and damages. Zees shares increased by 8% post-announcement. Originally approved in August, the merger would have created a leading media company.
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