Zee can drag Sony to India tribunal to enforce $10b merger deal

Zee can drag Sony to India tribunal to enforce $10b merger deal

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

Zee Entertainment can ask an Indian tribunal to enforce a $10 billion merger with Sony’s Indian unit after a Singapore arbitration centre rejected an emergency petition by the Japanese company for a stay of proceedings, Zee said on Sunday.