Sony to Raise Stake in Kadokawa, Becoming a Top Shareholder
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2024
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Source: WSJ
Sony's Acquisition Plans: Sony Group intends to acquire an additional stake in Japanese publishing house Kadokawa for over $300 million, aiming to become one of its largest shareholders.
Strategic Agreement Details: The company has signed a strategic tie-up agreement with Kadokawa and plans to purchase 12.1 million new shares for approximately 50 billion yen ($322.9 million).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
