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.
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
Paramount Stock Falls on Report Sony Is ‘Rethinking’ $26 Billion Bid https://t.co/Kuh3WzQ4nx
Paramount shares fall after CNBC reports Sony rethinking its bid https://t.co/F0Vc3mJKVG https://t.co/W0BFaFeKNR
CNBC/Faber: Sony rethinking its bid for Paramount.... https://t.co/0ums9LUVJh
⚠️ SONY RETHINKING PARAMOUNT BID, CNBC REPORTS Full Story → https://t.co/pwVSxSm77m
$PARA baggies rekt *SONY, APOLLO BID FOR ENTIRE COMPANY BECOMING LESS LIKELY They were taking victory laps claiming I didn’t know what I was talking about 🤣 Deal was never even close, just “reports” https://t.co/pzcOg1oZKV
$PARA | Sony Said To Be Rethinking Paramount Bid - @CNBC
SONY RETHINKING PARAMOUNT BID- CNBC