“India’s Zee Entertainment pops 10% on report that $10 billion merger with Sony is being revived”
February 26, 2024
“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…”
I just want to point out this is a possibility not a guarantee.