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Sony is buying an additional 41 percent stake in Peanuts. It has owned 39 percent of the franchise since 2018.
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Charlie Brown and Snoopy will live under the Sony umbrella as Sony Pictures Entertainment and Sony Music Entertainment Japan buy the slice of Peanuts Holding LLC held by Canadian company WildBrain.
Unlike Microsoft, a company intent on putting its games just about anywhere, Sony has its own staple of IP, but if you start ...
Sony will pay CAN $630 million to WildBrain for the 41% stake, or roughly $457 million. The closing of the transaction is subject to certain closing conditions, including regulatory approvals.
The deal adds to Sony's existing 39% stake, bringing its shareholding to 80%. The Schulz family continues to own the remaining 20%.
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The discount might not be big enough to warrant the upgrade, but we’ll let you make that call.