Sony stock rises 3% as Paramount speculation fades

Investors had worried about reported $26bn price tag for potential acquisition

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Sony shares climbed almost 3% to a two-month high on June 4. (Photo by Tomoki Mera)

CHIHIRO ISHIKAWA, Nikkei staff writer

TOKYO -- Sony Group stock climbed nearly 3% on Tuesday as speculation the electronics and media giant could acquire U.S. film studio Paramount Global faded, easing investor concerns over the cost of any such deal.

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