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Zee Entertainment Enterprises Ltd. stock crashed 25% after Sony Pictures Networks India terminated their USD 10 billion merger due to disagreements over leadership and other conditions.

Sony has terminated its merger agreement with Zee Entertainment, ending a USD 10 billion deal that would have created a major media conglomerate in India. The merger failed to meet closing...

Sony has terminated its merger agreement with Zee Entertainment, ending a USD 10 billion deal. The merger was not completed by the deadline due to unfulfilled closing conditions.