Support NeoGAF

[gokurho]

Summary by chatgpt
Sony has abandoned its approximately $10 billion merger with Indian media group Zee due to disagreements with Zee's management. This decision reflects challenges in reaching a consensus on key aspects of the deal. The cancellation marks a significant development in Sony's strategic plans for expansion in the Indian media market. Disagreements between the companies' leadership played a pivotal role in this decision, signaling the complexities involved in large-scale mergers and acquisitions. Sony's decision to nix the merger raises questions about the future direction of both companies in the rapidly evolving media and entertainment landscape in India.

Sony nixes $10bn merger with Indian media group Zee

Parties failed to agree on CEO of new company despite 2 years of talks

asia.nikkei.com

Sony has dropped plans to create a $10 billion media company by merging its India arm with local broadcaster Zee Entertainment, pulling the plug on a deal that has been brewing for more than two years.

Sony said in a statement on Monday that it has issued a notice to Zee, terminating the "definitive agreements," as "closing conditions of the merger were not satisfied" before the deadline expired on Sunday, without elaborating on the unmet conditions.

The "engagement" has been canceled

 

[DrFigs]

they were acting mad sus

 

[AJUMP23]

Zee you later.

 

[Mibu no ookami]

Mod of War can this be moved to gaming.

On its face might not have an obvious impact on gaming, but given Sony is the parent company and are growth minded, I think this has a big impact on what they might do with gaming moving forward.

 

[Pagusas]

Thank god.

 

[Papa_Wisdom]

I did not zee that coming

 

[hybrid_birth]

To zee or not to zee. That is the question

Apparently to not to zee.

 

[NotMyProblemAnymoreCunt]

I'm zee disappointed

 

[indigo-cyclops]

Ah yea, I know how it goes. Not being able to revert on the same.

On a serious note - I've never heard of Zee, nor this planned merger. Living under a rock I guess.

 

[kruis]

What a weird title. What has Dutch PC port studio Nixxes to do with the Indian media group Zee??

 

[ChorizoPicozo]

i mean take two, square and CDPR aint gonna be cheap...and Capcom