No Sony nod yet to extend Zee merger date

The Sony-Zee mega merger still hangs in the balance. Sony Pictures Networks India (SPNI) said it hasn’t yet decided on extending the Thursday, December 21, deadline to complete the merger with Zee Entertainment Enterprises Ltd (ZEEL). The Punit Goenka-led Zee had asked for an extension on December 17.

In a statement, the Sony Group Corporation-owned company said it looks forward to hearing ZEEL’s proposals and how it plans to meet the remaining key conditions.