Sony Strikes $630M Deal To Acquire Majority Stake In Peanuts Brand

UPDATED with deal amount in U.S. dollars: Sony‘s Sony Music Entertainment Japan and U.S.-based Sony Pictures Entertainment said Thursday that they have signed an agreement with WildBrain to acquire the latter’s 41% stake in Peanuts Holdings Llc, the holding company for the Charles M. Schulz-created cartoon franchise that includes Charlie Brown, Snoopy and the gang. The deal is for CAN630million,Wildbrainsaidinareleaseannouncingthedeal.Thatisroughly630 million, Wildbrain said in a release announcing the deal. That is roughly 457 million U.S. When the transaction is com ...