eNews
Sony calls off merger with Zee ?
Mumbai: As per Bloomberg, Sony Group Corp. has officially informed Zee Entertainment Enterprises Ltd. about its decision to cancel the merger between its India unit and the media network, bringing an end to a two-year acquisition saga. This move leaves Zee exposed to competition as its rivals strengthen their positions. The Japanese entertainment giant sent a termination letter to Zee on Monday, and it is expected to be disclosed to the exchange later, according to anonymous sources. The termination is attributed to the failure to meet the conditions of the merger agreement, as stated in the letter seen by Bloomberg.
The termination comes after a prolonged deadlock between the companies, primarily revolving around the leadership of Zee’s CEO, Punit Goenka, in the merged entity. This issue arose amid an investigation into Goenka’s conduct by India’s capital markets regulator. The standoff has now seemingly thwarted the deal, which had the potential to create a $10 billion media giant capable of competing with global powerhouses like Netflix Inc. and Amazon.com Inc.
Sony’s termination letter arrived following the expiration of a 30-day grace period over the weekend, during which the two sides failed to reach an agreement on a deadline set in late December.
We will wait for an announcement from Sony, and Zee.”
eNews
Arvind KC joins OpenAI as chief people officer amid rapid expansion
Former Google and Meta executive to oversee hiring, systems and culture
SAN FRANCISCO: OpenAI has appointed Arvind KC as its chief people officer, tasking him with overseeing talent, culture and organisational systems as the company continues to scale rapidly.
KC brings a blend of engineering and people leadership experience, having previously held senior roles at Roblox, Google, Palantir Technologies and Meta. His career has focused on building large technical teams and designing systems intended to support speed, collaboration and sustained performance.
At OpenAI, KC will oversee core people functions, including hiring, onboarding, development and internal policies, as the organisation adapts to the demands of rapid growth and increasingly AI-enabled work. The role places him at the centre of how the company manages workforce expansion while preserving its operating culture.
OpenAI CEO of applications Fidji Simo, said the appointment reflects the company’s belief that how it scales should align with the future it aims to shape. She said KC would play a critical role in ensuring that people processes and systems keep pace with the company’s ambitions without undermining the principles that have guided its growth so far.
The appointment comes as companies across sectors rethink how work is organised amid growing use of artificial intelligence. OpenAI said it sees an opportunity and a responsibility to develop practical models for how organisations can integrate AI into daily work while continuing to invest in human capability, skills and long-term growth.
KC said he was joining OpenAI at a moment when organisations globally are being forced to reconsider how teams operate, how roles evolve and how workers adapt as technology changes. He added that OpenAI’s position at the centre of the AI ecosystem made it a unique place to explore those questions in practice, alongside customers and partners.
