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Sony to Acquire 2.5 Pct Stake in Bandai Namco

Sony to Acquire 2.5 Pct Stake in Bandai Namco

Sony Group's head office in Tokyo's Minato Ward
Sony Group's head office in Tokyo's Minato Ward

   Tokyo, July 25 (Jiji Press)--Japanese technology conglomerate Sony Group Corp. has struck an alliance deal with Bandai Namco Holdings Inc. to acquire a 2.5 pct stake in Bandai Namco to capitalize on anime and manga assets held by the game and toy group.
   Under the deal, announced Thursday, Sony Group will purchase 16 million outstanding Bandai Namco shares from existing owners for some 68 billion yen.

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AFP-JIJI PRESS NEWS JOURNAL


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