Zee Entertainment shares rebound at 8%; is the worst over for the media stock?

Zee Entertainment's stock rebounded by 8% after a significant dip the previous day. Investors bought shares despite Sony canceling the merger. Zee is considering legal action against Sony and challenges the arbitration claim. The breakdown of the Sony deal and possible Reliance-Disney merger may worsen Zee's standing in the industry. https://ift.tt/SZvoYia