ViacomCBS shares tumble on $3B stock sale to fund streaming content

ViacomCBS shares tumble on $3B stock sale to fund streaming content https://nypost.com/2021/03/24/viacomcbs-shares-tumble-after-announcement-of-3b-stock-sale/ Alexandra Steigrad Shares of ViacomCBS tumbled over 15 percent Wednesday after the media giant announced pricing of its $3 billion stock sale. The company, which launched the Paramount Plus streaming service earlier this month, said it will use the stock sales to fund its “investment in streaming.” ViacomCBS, which operates MTV, Paramount Studios, CBS and Comedy Central, said… March 24, 2021 at 05:31PM New York Post https://nypost.com

Share this

Leave a Reply

Your email address will not be published.

  +  6  =  8