Why Sony's Stock Jumped Today
SONYSony Group(SONY) The Motley Fool·2024-08-28 04:22

An abandoned merger is finally behind it.Shares of Japanese conglomerate Sony (SONY 3.51%) gave investors some really great news on Tuesday, announcing it had settled all merger-related disputes with Zee Entertainment Enterprises. Sony's India subsidiary had planned to merge with Zee in a $10 billion deal, but that was abandoned earlier this year, leading to litigation between the two companies. Sony and Zee find common groundIn part because of the rapidly changing landscape in Indian media, Sony and Zee de ...