Sony rules out renewing offer for Paramount, says it wouldn't fit strategy
SONYSony Group(SONY) CNBC·2024-08-07 17:55

The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024.Sony's finance chief on Wednesday said the Japanese technology and media giant will not reconsider a fresh bid for film and TV production group Paramount Global.Sony currently has no plans to submit a revised offer for Paramount, said Hiroki Totoki, the company's chief financial officer.In a response to a question during Sony's fiscal first-quarter earnings presentation, Totoki said that an acquisition of Paramount "does not fit ...