India's Zee Entertainment Enterprises and Japan's Sony Group have a one-month headroom from the Dec. 21 deadline to close the merger of their India operations, Bloomberg News reported on Thursday, citing people familiar with the matter. The merger pact, which would create a $10 billion media and entertainment powerhouse, was signed in 2021 with a provision for a 30-day grace period after the deadline if either party sought more time, the report added. Zee and Sony did not immediately respond to a Reuters request for confirmation of the grace period.
Read full NASCAR article on Yahoo Sports
Read all NASCAR articles