Paramount shares fall after CNBC reports Sony rethinking its bid

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Paramount shares drop as on report that Sony and Apollo’s bid is 'fading'

May 14, 2024 3:25 PM EDT

Shares of Paramount Global (NASDAQ: PARA) fell more than 5% in Tuesday trading after CNBC, citing sources familiar with the matter, reported that Sony Pictures (NYSE: SONY) is reconsidering its bid for the U.S. media... More