May 14, 06:39 PM

Sony Reconsiders $26 Billion Paramount Bid, Shares Fall on Tuesday

Sony is reconsidering its bid to acquire Paramount Global, according to a report by CNBC. The bid, valued at $26 billion, was made in conjunction with private-equity firm Apollo Global Management. Following the news on Tuesday, Paramount's shares ($PARA) fell. The deal, which was never close to being finalized, is now becoming less likely.

#Sony #Paramount Global #CNBC #Apollo Global Management #Paramount

Written with ChatGPT (GPT-4o).

Sources

Variety@Variety
1 year ago
Shares of Paramount Global slid Tuesday following a CNBC report that Sony was “rethinking” its bid to acquire Paramount in conjunction with private-equity firm Apollo Global Management. https://t.co/Kuh3WzPwxZ
Variety@Variety
1 year ago
Paramount Stock Falls on Report Sony Is ‘Rethinking’ $26 Billion Bid https://t.co/Kuh3WzQ4nx
Reuters@Reuters
1 year ago
Paramount shares fall after CNBC reports Sony rethinking its bid https://t.co/F0Vc3mJKVG https://t.co/W0BFaFeKNR

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Sony Reconsiders $26 Billion Paramount Bid, Shares Fall on Tuesday

Sources

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