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Entertainment

Sony Strikes $457M Deal To Acquire Majority Stake In Peanuts Brand

Sony has agreed to acquire a 41% stake in Peanuts Holdings from WildBrain for approximately $457 million, increasing its ownership to 80%. The deal allows Sony to gain majority control of the iconic cartoon franchise created by Charles M. Schulz, while the Schulz family will maintain a 20% stake in the company.

Peanuts

Peanuts

Credit: Deadline

Key Highlights

  • Sony is acquiring a 41% stake in Peanuts Holdings for CAN$630 million (approximately $457 million).
  • After the acquisition, Sony will own 80% of Peanuts Holdings.
  • The Schulz family will retain a 20% stake in the franchise.
  • The deal involves both Sony Music Entertainment Japan and Sony Pictures Entertainment.
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Sources

  1. Sony to Acquire Control of Peanuts in $457 Million Deal
  2. Sony Strikes $457M Deal To Acquire Majority Stake In Peanuts Brand

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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