Sony Group Corporation (NYSE:SONY) disclosed a strategic capital and business alliance with KADOKAWA CORPORATION. As per the deal, KADOKAWA will conduct a third-party allotment to Sony on January 7, 2025, under which Sony will acquire 12.05 million new KADOKAWA shares for approximately 50 billion yen (around $319 million). Following this acquisition, Sony will become KADOKAWA’s largest shareholder, holding around 10% of its shares, including those purchased in February 2021. Both companies aim t
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