Options limited for Zee, Sony as merger unravels

A breakdown of the proposed Zee-Sony merger may leave the two parties with limited options on the table, media experts say. While Sony has not replied yet to Zee’s request seeking a second extension to close the proposed $10-billion deal, some analysts see little probability of the merger being salvaged now. They say that Zee may have to find a financial investor in the event if Sony walks out of the deal.

“Much has happened in the last two years, since the proposed merger was first announced. Zee’s alternatives are not much. It may have to tap financial investors in the event if the deal with Sony is called off.