Sebi order: Sony won’t pull out of merger with Zee, say reports
As per news reports, the Sony leadership took stock of the prospects of the deal earlier this week
Sony is unlikely to pull out of the merger with Zee despite Sebi's fund diversion allegations against Essel Group Chairman Subhash Chandra and son Punit Goenka, CEO of Zee Entertainment Enterprises, media networks have reported.
As per media reports, Sony will stick to the merger's commitment without any alterations.
It has been reported that senior Sony executives also took stock of the prospects of the deal earlier this week.
Last week, Zee had written to the markets regulator saying that continuous probes could create "prejudice for the company and shareholders".
