Deadline over; Sony not keen to extend good faith negotiations with Zee. $10 bn merger terminated

Sony-Zee merger: Sony Group Corp is unlikely to extend the good faith negotiations with Zee Entertainment Enterprises Ltd. (ZEEL) — whose deadline was supposed to lapse on the midnight of January 21st said people aware. Sony is believed to have sent the termination notice of the proposed $10 billion merger between its India operations and Zee to create the largest media giant in the country. Zee sought an extension of the “good faith” negotiations last week.