Sony Group Acquires 50 Billion Yen Worth of Shares in Kadokawa

MT Newswires Live12-20 16:10

Sony Group (TYO:6758) and Kadokawa have signed a strategic capital and business alliance agreement, with Sony set to acquire nearly 12.1 million new Kadokawa shares for about 50 billion yen on Jan. 7, 2025, according to its statement on its website on Thursday.

This acquisition will make Sony Kadokawa's largest shareholder, owning roughly 10% of its shares.

The alliance aims to enhance their global collaboration, focusing on maximizing intellectual property value through joint investments, new creator discoveries, and media mix initiatives.

Future plans include adapting Kadokawa's IP into live-action content, co-producing anime, expanding anime distribution via Sony, and growing Kadokawa's game publishing efforts.

Price (JPY): $3284.00, Change: $+24, Percent Change: +0.74%

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