Sony says it won't submit another bid for Paramount: ‘Does not fit well with our strategy'
SONYSony Group(SONY) New York Post·2024-08-08 01:06

Sony will not submit another bid for Paramount Global as "it does not fit well with our strategy," according to the president of the Japan-based PlayStation maker. Hiroki Totoki, who also serves as Sony's chief operating officer and chief financial officer, told investors on an earnings call Wednesday that his firm will not make another proposal for the entertainment conglomerate, which is controlled by Shari Redstone's holding company National Amusements. The media heiress struck a deal last month to sell ...