Sony to Become Kadokawa's Top Owner
Tokyo, Dec. 19 (Jiji Press)--Sony Group Corp. said Thursday it will become the top shareholder in major Japanese publisher Kadokawa Corp. under a capital and business tie-up deal.
On Jan. 17, Sony will acquire Kadokawa shares worth some 50 billion yen through a third-party new share allotment. As a result, the technology and entertainment giant's equity stake in the publisher will increase from the current level of around 2 pct to approximately 10 pct, it said.
(2024/12/19-23:01)
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