CULTUREMachine Translated summary
Sony Music Entertainment Japan to Acquire Major Stake in GungHo and Form Capital Alliance
Sony Music Entertainment Japan has agreed to acquire a roughly 23 percent stake in GungHo Online Entertainment, making it the game company’s largest shareholder, while also entering a capital and business alliance. The partnership will explore combining GungHo’s game development capabilities and intellectual properties, including Puzzle & Dragons, with Sony Music Group’s entertainment expertise.
First seen Aug 28 ago4 sources covering
Sources (4)
Click any to read originalEN-TRANSLATED (1)
EN-ORIGINAL (2)
Sony Music Ent. Japan and GungHo Online Ent. have formed a capital and business alliance, with SME acquiring shares in GungHo.
Anime News NetworkAug 31
Sony Music Entertainment Japan and GungHo Online Entertainment to form capital and business alliance Sony Music Entertainment Japan will acquire a 23.29 percent…
GematsuAug 28
How sources are framing this
The sources give slightly different figures for the stake: 4Gamer reports approximately 22.9 percent, while Gematsu reports 23.29 percent.
What we know
- Sony Music Entertainment Japan will acquire approximately 23 percent of GungHo Online Entertainment.
- The transaction is intended to make Sony Music Entertainment Japan GungHo’s largest shareholder.
- The companies have signed both a share-transfer agreement and a capital and business alliance agreement.
- The partnership will leverage GungHo properties such as Puzzle & Dragons and its game development expertise.
- Sony Music Group’s broader entertainment knowledge will support potential future collaboration with GungHo.
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