What Zee CEO Punit Goenka Told Employees After Sony Notice To End Merger

Zee Entertainment Enterprises (Zee) Managing Director and CEO Punit Goenka confirmed on Monday that the media giant’s merger deal with Sony’s India unit has been scrapped.

Goenka, who arrived in Ayodhya earlier in the day for the inauguration of the Ram Mandir, made the announcement on social media platform X, adding that he believes this to be a “sign from the Lord”.

“As I arrived at Ayodhya early this morning for the auspicious occasion of Pran Pratishtha, I received a message that the deal that I have spent 2 years envisioning and working towards had fallen through, despite my best and most honest efforts,” he said.