Zee-Sony Merger: Fate on creation of $10 bn media giant likely to be decided today

Sony Group Corp has called for a board meeting on Friday, where it’s expected to take a call on the $10-billion merger of its India operations with Zee Entertainment Enterprises, said people with knowledge of the matter. Subsequently, it may inform the Tokyo Stock Exchange early next week of the possible termination of the plan, they said.

The deal was announced two years ago, in a bid to create the country’s largest broadcast company.