Sony Abandons Plans to Acquire Paramount
Tokyo, Aug. 7 (Jiji Press)--Sony Group Corp. has abandoned plans to acquire U.S. media giant Paramount Global, Chief Financial Officer Hiroki Totoki said Wednesday.
Acquiring such a huge company does not fit well with Sony's business strategy both in terms of risks and distribution of resources, Totoki said at an online briefing for its earnings for the April-June quarter.
(2024/08/07-21:52)
To read a full story, please click here to find out how to subscribe.
BUSINESS
- 09/07 17:09 INTERVIEW: Japanese Bank Seeks to Help Regional Economy with Bus Biz
- 09/07 14:52 Meiji to Reorganize Yogurt Production Sites in Japan
- 09/06 22:32 Toyota Cuts '26 Global EV Production Projection to 1 M. Units
- 09/06 21:34 Portable Power Station Sales Soar in Japan
- 09/06 20:50 Sharp Enters EV Biz with Taiwanese Parent Hon Hai
- 09/06 19:09 Sorachi Ace Hops Beer Event to Be Held at Haneda Airport
- 09/06 11:48 Seven & i Claims It Is Undervalued in Couche-Tard Offer
- 09/06 09:11 Nissan to Sell Electricity to Households
- 09/05 20:26 BMW to Mass-Produce Fuel Cell Vehicle from 2028 with Toyota
- 09/05 18:08 Honda N-Box Ranks Top for 3rd Straight Month in Aug.
- 09/05 16:42 Japan's 3 Megabanks to Stop Issuing Paper Bills and Checks
- 09/05 09:18 Sekisui Chemical Mulls Buying Part of Sharp Plant
- 09/05 07:49 KKR Launches Tender Offer for Fuji Soft
- 09/04 20:51 Japan's Sakana AI to Receive Investment from Nvidia
- 09/04 19:20 Nissan Adds Child-Monitoring Function to Robot
- 09/04 15:37 Majority of U.S. Steel's Board to Be U.S. Citizens: Nippon Steel
- 09/04 13:25 Uber Testing Use of Car-Sharing Vehicles for Ride-Hailing Services
- 09/04 11:22 Japanese Firm Launches Motor Scooter for Elderly People
- 09/04 09:32 Tobu Railway to Expand Biometric Identification Service
- 09/03 22:58 U.S. Fund Bain to Propose Tender Offer for Japan's Fuji Soft
- 09/03 18:09 Nippon Steel Defends Its U.S. Steel Bid after Harris' Opposition
- 09/03 09:34 Japanese Department Stores Post Higher Sales in August
- 09/02 22:50 Toyota Resumes Operations of All Vehicle Plants in Japan
- 09/02 19:53 Meta Launches Third-Party Fact-Checking System in Japan