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)
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