Sony Pictures Entertainment and Sony Music Entertainment (Japan) announced that they entered into a definitive agreement with Canadian media company WildBrain to indirectly acquire all of the 41% stake held by WildBrain in Peanuts Holdings LLC.
Sony will pay Can $630 million to WildBrain for the 41% stake, or roughly $457 million. The closing of the transaction is subject to certain closing conditions, including regulatory approvals.
As a result of the transaction, Smej and Sony Pictures Entertainment, together with Smej’s existing approximately 39% stake, will indirectly own 80% of Peanuts Holdings LLC, while the members of the family of Charles M. Schulz will continue to own the remaining 20%. The ownership of rights to “Peanuts” and the management of its business continue to be handled by Peanuts Worldwide, a wholly…
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