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Sony Group Corporation (SONY)
After hours:
| Previous close | 82.99 |
| Open | 82.89 |
| Bid | 81.49 x 1200 |
| Ask | 82.70 x 1400 |
| Day's range | 82.49 - 83.14 |
| 52-week range | 79.62 - 100.94 |
| Volume | |
| Avg. volume | 782,806 |
| Market cap | 100.799B |
| Beta (5Y monthly) | 0.83 |
| PE ratio (TTM) | 18.89 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.54 (0.65%) |
| Ex-dividend date | 28 Sept 2023 |
| 1y target est | N/A |
- Yahoo Finance Video
Paramount's CEO shakeup and what it signals for merger bids
Paramount (PARA) CEO Bob Bakish will be stepping down and replaced by three chief executives from across Paramount's umbrella of TV networks in an “Office of the CEO” consortium. Yahoo Finance Entertainment Reporter Alexandra Canal explains the latest news on this shakeup and how it was addressed on Paramount's earnings call, and what this all means for looming merger bids from Skydance Media and a joint bid from Sony (SONY) and Apollo Global Management (APO). Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Paramount CEO Bakish could be ousted as soon as Monday: Report
Paramount Global CEO Bob Backish (PARA, PARAA) could be departing the company as soon as Monday, according to a report from The Wall Street Journal. Paramount has been engaged in exclusive merger talks with Skydance Media, but the exclusivity period is set to end on May 3. There are also reports that Apollo Global Management (APO), the parent company of Yahoo, and Sony (SONY) could team up to engage Paramount in deal discussions. The media giant is also set to release its first quarter results after the market close on Monday. Yahoo Finance's Alexandra Canal reports the latest news on the media giant. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
- Yahoo Finance Video
What a Sony, Apollo buyout of Paramount looks like: Analyst
Sony Pictures Entertainment (SONY) has entered talks with Apollo Global Management (APO), the parent company of Yahoo Finance, to discuss a possible joint buyout bid of Paramount Global (PARA,PARAA). According to the New York Times, both companies, through a joint venture, would offer cash for shares of Paramount, taking the company private. Citi Managing Director Jason Bazinet joins The Morning Brief to discuss the potential joint buyout bid from Sony and Apollo and what it could mean for all companies involved and investors moving forward. In terms of what consumers can expect, should a deal go through, Bazinet says: "I think you'll see fewer apps...If this bid between Apollo and Sony is right, Sony is really sort of an arms dealer, right? So they're going to presumably take the studio and just feed everybody's app. Then I would think that someone on the private equity side would, sort of, not want to absorb the losses from a streaming app like Paramount+ and would just focus on the cash-generative assets and pay down debt to create equity value." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
