TOKYO -- Sony Group has decided not to make a new bid for Paramount Global now that independent film studio Skydance Media has reached a deal to buy the U.S. media group, Nikkei has learned.
Media & Entertainment
Sony won't make another bid for Paramount after Skydance deal
Japanese company gives up on acquiring film studio in joint offer with Apollo
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Sony Group has positioned motion pictures as the hub of the content business. (Photo by Rei Nakafuji)
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