ViacomCBS Stock Closes Down 9% After Company Says It Will Raise $3 Billion From Stock Offerings
By Faria in Business
Updated 3 years ago
The company said it would raise $3 billion from stock offerings. ViacomCBS said it would use the funds to power "investments in streaming," among other general corporate purposes. Shares of ViacomCBS closed down 9% Tuesday, a day after the company said it would raise $3 billion from stock offerings. ViacomCBS...