Sony's India unit plans to call off $10b merger with Zee Entertainment: report

Sony's India unit plans to call off $10b merger with Zee Entertainment: report

Sony Mobile Communications Inc President and CEO Hiroki Totoki speaks during a news conference to announce Sony's new Xperia Z4 smartphone in Tokyo April 20, 2015. REUTERS/Toru Hanai/Files

Japan’s Sony is planning to scrap the merger of its Indian unit with Zee Entertainment, more than two years after the deal was announced, over a disagreement on who will lead the $10 billion entity, Bloomberg News reported on Monday.

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