Russia assets and cricket caused clashes in Zee-Sony merger deal: Report ...Middle East

Sony and Zee clashed over the Indian media firm’s failure to dispose of some Russian assets and its $1.4 billion Disney cricket rights deal, before their India merger was scrapped, Reuters is reporting after reviewing internal emails. As previously reported, Sony and Zee disagreed over more than 20 compliance issues. “Emails exchanged between December 20 and January 9 show executives from both companies accusing each other of not honouring the merger commitments,” Reuter reports. “Zee executives repeatedly said that there was nothing out of line, and asked Sony to extend the closure deadline.” The report states that Zee’s top India counsel Shyamala Venkatachalam accused Sony of atte

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