22 Nov, 2024
3 mins read

Zee-Sony Merger Called Off: Zee is now down 30%

Following the cancellation of its long-planned $10 billion merger with Sony Pictures on Monday, several brokerages downgraded shares of Zee Entertainment. The deal had been in the works for more than two years. Sony has also requested a termination fee of over $90 million. Zee’s stock had already experienced a double depreciation in 2019 amid […]