BENGALURU -- Sony has dropped plans to create a $10 billion media company by merging its India arm with local broadcaster Zee Entertainment, pulling the plug on a deal that has been brewing for more than two years.
Parties failed to agree on CEO of new company despite 2 years of talks

Sony's Indian subsidiary and Zee Entertainment were at loggerheads over who would head the new company after the agreed merger. © Reuters
BENGALURU -- Sony has dropped plans to create a $10 billion media company by merging its India arm with local broadcaster Zee Entertainment, pulling the plug on a deal that has been brewing for more than two years.