Sony Group Corporation
Announcement of Definitive Agreement Concerning Additional Acquisition of Interest in Peanuts Holdings LLC by Sony Music Entertainment and Sony Pictures Entertainment
Sony Music Entertainment and Sony Pictures Entertainment will acquire approximately 41% interest in Peanuts Holdings LLC from WildBrain Ltd., aiming to hold a total of 80% interest and make it a consolidated subsidiary.
Key Figures
- Transaction Type: Additional Acquisition of Interest
- Target Company: Peanuts Holdings LLC
- Transaction Value: 630 million Canadian dollars (approximately 460 million US dollars, approximately 71 billion yen)
- Expected Completion Date: Unknown
- Expected Synergies: Expansion of IP business and enhancement of brand power
AI要約
Overview of Transaction
Sony Music Entertainment Inc. (SMEJ), a wholly owned subsidiary of Sony Group Corporation, and Sony Pictures Entertainment Inc. (SPE) have entered into a definitive agreement to acquire approximately 41% interest in Peanuts Holdings LLC indirectly held by WildBrain Ltd., a publicly listed Canadian company. The acquisition price is 630 million Canadian dollars (approximately 460 million US dollars, approximately 71 billion yen), to be finalized after adjustments including working capital. Upon completion, together with SMEJ’s existing approximately 39% interest, an 80% indirect interest in Peanuts will be held, making Peanuts a consolidated subsidiary of Sony Group. Completion of the transaction is subject to approval and permits from relevant authorities.
Purpose and Background of the Transaction
Through this transaction, SMEJ and SPE will lead the management of Peanuts Holdings LLC, aiming to expand the business and enhance the brand power of "Peanuts," one of the world’s leading IPs. Since acquiring an interest in 2018, a good relationship with the Schulz family has been established, and by leveraging the expertise in character business and Sony Group’s network, further business growth will be pursued. Synergies with entertainment business such as film and TV production through collaboration with SPE are also anticipated.
