Sony strengthens partnership with Kadokawa through $318 million investment

Sony strengthens partnership with Kadokawa through $318 million investment

12/19/24, 9:37 AM

Money

$318 million

Type

partnership

Sony has increased its stake in Kadokawa by investing $318 million to acquire 12,054,100 new shares, making it Kadokawa’s largest shareholder with a 10% stake. The companies will form a capital and business alliance to maximize their IP value globally and discuss joint investments, adaptations of IP, co-production of anime works, and game publishing.

Company Info

Company

Sony Group

Additional Info

Sony Corporation is a multinational conglomerate corporation with its headquarters in Tokyo, Japan. It is one of the leading manufacturers of electronic products for the consumer and professional markets. The company's diverse business includes consumer and professional electronics, gaming, entertainment, and financial services.

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