KEY POINTS
  • Shares of India's Zee Entertainment fell 31% on Tuesday after a division of Japanese tech giant Sony scrapped plans for a merger.
Logo for ZEE5, an over-the-top platform of Zee Entertainment Enterprises.

Shares of India's Zee Entertainment fell 31% on Tuesday after a division of Japanese tech giant Sony scrapped plans for a merger.

Sony first proposed to combine its India entertainment business with Zee in December 2021. Those negotiations collapsed after more than two years.