The recent developments surrounding the Zee-Sony merger saga have sent ripples across the media and entertainment industry, with Zee Entertainment Enterprises experiencing a significant downturn in its share value. As Sony Pictures Networks India formally withdrew its merger application with Zee Entertainment, the latter’s shares plummeted by around 3 percent on February 29, highlighting the profound implications of this aborted deal. At 1.23pm, Zee shares were trading at Rs 158.75 on the...