Sony withdraws from Paramount Global's "Go Shop" window due to Skydance Media's $8bn offer.
Sony has opted out of Paramount Global's 45-day "Go Shop" window, following Skydance Media's $8bn offer. This leaves Sony as the only confirmed bidder to withdraw from the acquisition process. The "Go Shop" period allows Paramount to seek improved bids and partnerships with other potential suitors.
July 12, 2024
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