Sony seeks $90m termination fees after abandoned $10b merger with India's Zee

Sony seeks $90m termination fees after abandoned $10b merger with India's Zee

Zee Entertainment and SONY logos are displayed in this illustration taken, September 1, 2022. REUTERS/Dado Ruvic/Illustration

Japan’s Sony Group on Monday scrapped plans for a $10 billion merger between its Indian unit and Zee Entertainment, which said it had been accused of breaching their agreement and that the case was set to go to arbitration.