Sony Scraps $10 Billion Merger With Zee Entertainment, Setting Stage for Legal Row

Sony Scraps $10 Billion Merger With Zee Entertainment, Setting Stage for Legal Row

Japan’s Sony Group scrapped plans on Monday for a $10 billion (roughly Rs. 83,098 crore) merger of its Indian unit with Zee Entertainment, ending a deal that could have created one of the South Asian nation’s biggest TV broadcasters. The collapse of the deal in content-hungry India creates more uncertainty for…