Sony Music Japan to Acquire Stake in GungHo
The deal involves a 23.29 percent ownership through an off-market transaction.
TLDR
Sony Music Entertainment Japan and GungHo Online Entertainment agreed to form a capital and business alliance. Sony Music Entertainment Japan will acquire a 23.29 percent stake in the Puzzle & Dragons developer via an off-market bilateral transaction from major shareholder SON Fi. Reports value the stake at $180 million. The move lets Sony explore new game projects, though PlayStation is not involved. Details appear in announcements from Gematsu and Push Square.
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