Sony Consolidates Control of Peanuts Holdings With C$630 Million Stake Purchase
Sony has increased its ownership in Peanuts Holdings LLC to 80% by acquiring WildBrain's 41% stake for C$630 million. This acquisition makes Peanuts a consolidated subsidiary of Sony Group, which anticipates a significant remeasurement gain. Sony plans to leverage its resources to expand the Peanuts franchise globally, strengthening its IP-driven earnings.
https://www.tipranks.com/news/company-announcements/sony-consolidates-control-of-peanuts-holdings-with-c630-million-stake-purchase