Opinion: How Subhash Chandra Managed To Hold On To Zee

A 70-year-old Indian media magnate was about to lose his crown jewel to a campaign by a U.S. fund manager. But within a week, a Japanese conglomerate, itself a defiant survivor of several challenges by foreign activists, came to Subhash Chandra's rescue. Asian family values triumphed over American-style corporate governance? Not really. Everybody won the Indians, the Americans, and, of course, the Japanese.Privately held Sony Pictures Networks India is merging with publicly traded Zee Entertainment Enterprises Ltd. Sony Group Corp.