Sony Board to take call on $10 billion merger with Zee Entertainment today

Sony Group Corp has convened a board meeting scheduled for Friday to make a crucial decision regarding its $10-billion merger with Zee Entertainment Enterprises in India, according to a report by The Economic Times (ET). The merger, initially announced two years ago with the aim of creating the country’s largest broadcast company, is under scrutiny due to strained negotiations and unresolved issues.

Sony and Zee have faced disagreements regarding Zee’s Managing Director and Chief Executive Officer, Punit Goenka, leading the merged entities. Sony has been advocating for NP Singh, its India MD and CEO, to serve as the chief executive of the new entity in the interim unless Goenka is exonerated in all pending cases.