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Indian media group Zee abandons bid to merge with Sony

TOKYO -- Indian broadcaster Zee Entertainment has withdrawn its bid to force a $10 billion merger with Sony's local unit, several months after the Japanese company pulled out of the blockbuster deal.

Zee said late Tuesday that it had canceled a merger implementation application filed with the National Company Law Tribunal, a quasi-judicial body that adjudicates issues related to Indian companies.

Read more on asia.nikkei.com