Zee on Tuesday denied reports that said Sony was planning to call off the merger even as the stock price of the Indian media major crashed nearly 13% in early trades. Zee said it remained "committed to the merger and is continuing to work towards its successful closure", following the report that the $10-billion merger, which would create one of the largest broadcasting companies in the country, is on the brink of a cliff. Sony, however, didn't come out with any statement.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/N4zWwQt
