ViacomCBS Stock Closes Down 9% After Company Says It Will Raise $3 Billion From Stock Offerings

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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...

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