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Sony Group Corp (SON1.BE)
| Previous close | 76.04 |
| Open | 75.44 |
| Bid | 75.82 x 0 |
| Ask | 76.40 x 0 |
| Day's range | 75.44 - 75.44 |
| 52-week range | 74.90 - 92.95 |
| Volume | |
| Avg. volume | 12 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Yahoo Finance Video
What a Sony, Apollo buyout of Paramount looks like: Analyst
Sony Pictures Entertainment (SONY) has entered talks with Apollo Global Management (APO), the parent company of Yahoo Finance, to discuss a possible joint buyout bid of Paramount Global (PARA,PARAA). According to the New York Times, both companies, through a joint venture, would offer cash for shares of Paramount, taking the company private. Citi Managing Director Jason Bazinet joins The Morning Brief to discuss the potential joint buyout bid from Sony and Apollo and what it could mean for all companies involved and investors moving forward. In terms of what consumers can expect, should a deal go through, Bazinet says: "I think you'll see fewer apps...If this bid between Apollo and Sony is right, Sony is really sort of an arms dealer, right? So they're going to presumably take the studio and just feed everybody's app. Then I would think that someone on the private equity side would, sort of, not want to absorb the losses from a streaming app like Paramount+ and would just focus on the cash-generative assets and pay down debt to create equity value." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance
Video game industry layoffs are a collision of trends
The gaming industry is facing mass layoffs.
- Yahoo Finance Video
Sony announces plans to layoff 8% of gaming division workers
Sony Group (SONY) is joining the trend of companies reducing headcounts, announcing it will lay off around 900 employees globally from Sony Interactive Entertainment, or 8% of the video game segment's workforce. This restructuring comes after Sony cut its sales forecast for the PlayStation 5, citing slowing demand for its flagship gaming console. Yahoo Finance's Brad Smith and Seana Smith break down the details and how this restructuring will affect Sony's video game division. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
