TOKYO, Dec 20 (News On Japan) –
Sony introduced plans to amass a big stake in publishing big Kadokawa, investing roughly 50 billion yen to turn out to be its largest shareholder.
According to Sony, the corporate has entered a strategic capital and enterprise partnership with Kadokawa. Under the settlement, Sony will purchase 12,054,100 new shares by way of a third-party allocation scheduled for January seventh subsequent 12 months.
With this acquisition, mixed with its current holdings, Sony will personal about 10% of Kadokawa’s shares, making it the main shareholder.
Sony goals to deepen its collaboration with Kadokawa by way of this partnership, leveraging its strengths in gaming and leisure to increase and improve joint initiatives.