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Paramount Global (0VV.F)
- Bloomberg
Sony Shares Jump After Profit Beats and Buyback Plans
(Bloomberg) -- Sony Group Corp.’s stock climbed its most in more than 18 months after it announced a share buyback and a stock split and net income beat estimates in the March quarter.Most Read from BloombergHow One of the World's Oldest Hedge Funds Went BankruptChina Considers Government Buying of Unsold Homes to Save Property MarketFlood of China Used Cooking Oil Spurs Call to Hike US LeviesBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsOpenAI Chief Scientist Ilya Sutskever Is
- Reuters
Paramount shares fall after CNBC reports Sony rethinking its bid
"People close to the situation that I've been speaking to of late indicate that the likelihood of a bid, at least for the full company, seems to be fading a bit," CNBC's David Faber said. Sony and Paramount did not immediately respond to Reuters requests for comment. Reuters reported last week that Paramount was in talks to open its books to a consortium of Sony Pictures and buyout firm Apollo Global Management interested in acquiring the company for $26 billion.
- Yahoo Finance
The streaming wars are over: Morning Brief
Media executives have praised their competitors this earnings season, making one thing clear: the streaming wars have hit a ceasefire.
