After two years of negotiations, Japan's Sony on Monday terminated a $10 billion merger of their India operations with Zee Entertainment. Here is a timeline of some key moments in the negotiations: September 22, 2021 - Zee Entertainment enters into merger talks with Sony. The company's current CEO Punit Goenka was slated to become the CEO and managing director of the new entity. December 22, 2021 - Sony and Zee sign definitive agreements to form a merged entity. August 31, 2022 - India's antitrust watchdog Competition Commission of India raises concerns over the merger. It flags the combined entity will have a "humongous market position" that would allow them to enjoy "unparalleled bargaining power" with 92 channels in India's massive media and entertainment market.