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“India’s Zee Entertainment pops 10% on report that $10 billion merger with Sony is being revived”

“Shares of India’s Zee Entertainment jumped more than 10% on Tuesday after a report that its $10 billion merger with Japanese tech giant Sony could be revived.

The Economic Times, an Indian news publication, reported on Tuesday that Zee had re-engaged with Sony in a last-ditch attempt to salvage the deal, which was officially called off last month…”

https://www.cnbc.com/2024/02/20/zee-shares-jump-10percent-after-report-sony-merger-is-being-revived.html

I just want to point out this is a possibility not a guarantee.

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