Zee, Sony merger deal includes provision for 1-month grace period: Report

Zee Entertainment Enterprises and Japan's Sony Group reportedly have an additional month beyond the December 21 deadline to finalise their $10 billion India operations merger

Zee Entertainment Enterprises and Japan's Sony Group reportedly have an additional month beyond the December 21 deadline to finalise their $10 billion India operations merger, reported Bloomberg News.

This merger agreement, initially signed in 2021, incorporates a 30-day grace period for potential extensions.

Zee and Sony are presently engaged in discussions to extend the deadline, aiming to resolve uncertainties regarding the leadership structure of the combined entity.