The USD 10 billion merger between Zee Entertainment Enterprises and Sony Pictures Networks India is facing hurdles as the two parties are unable to reach an agreement. The main point of contention is the leadership of the merged entity, with Sony expressing concerns over Punit Goenka continuing as MD and CEO of Zee due to a past legal issue. The deadline for completing the merger is approaching, leaving the fate of the deal uncertain.
Zee-Sony Merger: A Saga of Uncertainties
The proposed USD 10 billion merger between Zee Entertainment Enterprises and Sony Pictures Networks India has hit a roadblock due to disagreements over leadership and legal issues. The primary sticking point is the continuation of Punit Goenka as MD and CEO of the merged entity. Sony has expressed concerns over Goenka's past legal issues, casting doubt on his suitability for the role.
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