The merger talks between Zee Entertainment Enterprises and Sony’s Indian arm have hit a roadblock over disagreements regarding the leadership of the combined entity, as reported by the Mint business daily. Sony is advocating for its Indian operations managing director, N.P. Singh, to lead the merged company, while Zee’s candidate, managing director Punit Goenka, is under investigation. Failure to reach a leadership agreement by December 21 could jeopardize the merger. Zee and Sony India have not yet responded to requests for comment. The merger delay follows an Indian tribunal lifting a ban on Goenka holding board positions in Zee Group companies.
Leadership Dispute Halts Zee-Sony India Merger Talks, December Deadline Looms
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