Culver Max Entertainment (CME) has officially terminated the merger agreement with Zee Entertainment Enterprises Ltd. (ZEEL), according to a statement issued by Sony Pictures Entertainment. Following the termination notice, ZEEL conducted a Board meeting to address the situation and vehemently denied any alleged breaches of terms. The termination has garnered mixed reactions from industry leaders, shedding light on the intricacies of mergers and acquisitions in the media and entertainment sector.



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