![Sony called off the $10 billion India Zee merger Sony called off the $10 billion India Zee merger](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgP_qjewBmK1NW2XCpMaVgm2-ztf3lBKuOLNkWseuvX-_N-r0lN-CIVPNB6cCbpssmIZzXhE4yR6QYVWCBPiZuhPt_2x10DO4bJS-sMmm3uFGGEiSZaCMNc48YAu-LmnO2whJENCI7wwZttn4c1pTYmu6eFVsp9xN7TLnA3MTkWtOBNGlwHDAniEcqaQZ5K/w320-h192-rw/Copy%20of%20Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(11).png)
- The original merger plan would have seen Sony holding a 51% stake in the entity.
- However, the merger was called off due to unmet conditions.
- There have been reports of disagreements over leadership.
- Sony is now seeking a $90 million termination fee.
- In response, Zee has stated that it could take legal action against Sony.
- The company has denied the allegations and stated that all efforts and steps were taken by ZEEL (Zee) in line with the Merger Cooperation Agreement.
Question:
Q.1 What was the original plan for Sony’s stake in the merged entity?a. 49%
b. 50%
c. 51%
d. 52%