sony
Japanese conglomerate Sony Group reported a decline in net earnings for the full year 2023 on Tuesday, amid higher costs and expenses. The electronics giant did record an increase in revenue but expects profit of 925 billion yen ($5.915 billion) in 2024, down 4.7% from last year. For the 12-month period ended March 31, Sony posted profit of 970.573 billion yen or 785.68 yen per share, less than the restated 1.005 trillion yen or 809.85 yen per share registered last year. Pre-tax income was at 1.268 trillion yen as against last year's restated 1.274 trillion yen. Operating income fell to 1.208 ...
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US media conglomerate Sony Pictures Entertainment and asset management firm Apollo Global Management have reportedly submitted a $26 billion all-cash buyout offer to take entertainment giant Paramount Global private. The report on the bid by Sony Pictures Entertainment, which is affiliated to Japanese conglomerate Sony Group Corporation, cited people familiar with the matter. Sony's proposal comes as a special committee established by the board of Paramount Global evaluates a final offer from film producer David Ellison's Skydance Media to merge the two companies while keeping Paramount Global...
DPA Breaking News
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