Sony Group Corporation
Announcement of Definitive Agreement for Additional Acquisition of Interest in Peanuts Holdings LLC by Sony Music Entertainment and Sony Pictures Entertainment
Sony Music Entertainment and Sony Pictures Entertainment have entered into a definitive agreement to acquire approximately 41% interest in Peanuts Holdings LLC from WildBrain Ltd., holding a total interest of 80%.
Key Figures
- Transaction Type: Additional Interest Acquisition
- 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
Transaction Overview
Sony Music Entertainment (SMEJ) 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 company in Canada. The acquisition price is 630 million Canadian dollars (approximately 460 million US dollars, approximately 71 billion yen), to be finalized after adjustments such as working capital. Upon completion, SMEJ and SPE will indirectly hold a combined 80% interest in Peanuts, including the existing approximate 39% interest, and Peanuts is scheduled to become a consolidated subsidiary of Sony Group. Completion of the transaction is subject to approvals and permits from relevant authorities.
Purpose and Background of the Transaction
This transaction aims to expand SMEJ’s stake in Peanuts Holdings LLC acquired in 2018, strengthen good relations with the Schulz family, and enhance the global IP business and brand power of the 'Peanuts' IP, one of the world’s leading intellectual properties. SMEJ will utilize Sony Group’s network and expertise in character business, and in collaboration with SPE, will lead the management of Peanuts Holdings LLC to create new value and enhance brand value for the next generation.
