Discussion Sony officially announces termination of Zee merger

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Lurie said:
Minority shareholders, as a collective, have challenged Goenka and wanted him to be replaced. Assuming that this happens , is it possible for Zee entertainment under a new leadership to initiate talks with Sony for a merger again?
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As per latest reports the termination of deal is not just because of ceo position. But sony had given time for zee to come clean, but they didint
 

New plot: Zee, Sony launch legal war - The Economic Times

Sony Group companies Culver Max Entertainment and Bangla Entertainment (BEPL) initiated arbitration proceedings against Zee Entertainment Enterprises before Singapore International Arbitration Centre (SIAC), while Zee, denying charges, approached National Company Law Tribunal (NCLT) in Mumbai...
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Zee moves NCLT seeking implementation of Sony merger, says termination fee ‘legally untenable’

Zee Entertainment, an Indian broadcasting firm, has filed a petition with the National Company Law Tribunal against Culver Max Entertainment (previously Sony Pictures India), urging the Japan-based company to rescind the termination of the merger scheme. Zee Entertainment made this announcement...
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economictimes.indiatimes.com

A game of bluff scuttled Sony-Zee’s plans to create $10 billion media giant

Sony Group Corp.'s lawyers were surprised when Zee Enterprises Entertainment Ltd. requested a 'hold harmless' clause for its CEO, Punit Goenka, during the merger negotiations to create a $10 billion Indian entertainment giant. Goenka was worried that Sony would start a witch hunt against him...
economictimes.indiatimes.com economictimes.indiatimes.com
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Appointment of Arbitrator
 
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