Sony still exploring opportunities to expanding in India after failed merger with ZEE
Sony is looking for another opportunity to expand its business in India after the proposed merger of ZEE fell through last month.
President, COO & CFO of Sony, Hiroki Totoki, said India is a very appealing market where it would continue to invest.
“India, on a long-term basis, has a great growth potential. It’s a very appealing market. Therefore, we will try to seek various opportunities and if we can find another opportunity that would replace this type of plan,” Totoki said when asked about the company’s strategy in India after the termination of the proposed merger.
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On the investment which Sony had committed as part of the merger deal, Totoki said: “Well, that investment is not going to change a capital allocation or it will not change our behaviour in our investment. So at the moment, we do not have any concrete plans.”
