Over CEO Turmoil, the Sony-Zee Merger May Fail Before Its Deadline

Zee is adamant that its Chief Executive Officer Punit Goenka – also its founder’s son – lead the new firm, as promised in the 2021 agreement, but Sony is skeptical about his selection.

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Zee is adamant that its Chief Executive Officer Punit Goenka — also its founder’s son — lead the new firm.

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This has caused a last-minute spat in the two-year-old merger proposal, which has already seen its fair share of drama and delays.

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Zee had finished most of them and was in contact with Sony “regularly,” he added.

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According to the sources, Sony is not considering extending the December 21 deadline.

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They might also request an extension of the merger date from India’s corporation court.

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