A blow-by-blow account of how the Sony-Zee merger came undone

Is Zee CEO Punit Goenka to blame for what has come to pass or did Sony get cold feet as the deal dragged on?

Even less than 24 hours before the merger was called off on 22 January, Sony Group Corp. was still engaging with Zee Entertainment Enterprises CEO Punit Goenka to sort out niggling issues.

The two parties were going back and forth to salvage the proposed $10 billion merger that was expected to create the largest media and entertainment company in India. In recent weeks, Goenka’s role in the merged entity—of Zee and Sony Group’s India business—had been a big point of contention between the two conglomerates. 

It’s no secret that Sony did not want Goenka helming the merged entity in the …


Harveen Ahluwalia

Harveen is a co-founder at The Morning Context, and leads our Internet coverage, overseeing a team of reporters writing on startups and tech. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses—from e-commerce to healthtech to streaming.

Editor, Internet




T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor