Zee gained again on the news of revive $10-billion sony deal

It is disclosed on February 20 that Zee Entertainment Enterprises Ltd (ZEEL) is endeavoring to revive their $10-billion merger, which was terminated on January 22. The report stated that discussions have occurred over the past two weeks in an effort to salvage the agreement. However, Moneycontrol could not independently verify the specifics of the report. Additionally, the report indicated that Zee is expected to communicate its decision to Sony within the next 24-48 hours regarding its willingness to accept the terms and conditions of the proposed merger.

Following the termination of the merger, Hiroki Totoki, president, COO, and CFO of Sony, expressed during a post-earnings call that India presents significant long-term growth potential and remains an attractive market. He mentioned, "We will endeavor to explore various opportunities, and should we identify another opportunity that aligns with our strategic objectives,