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Sony
Sony Will Enter Strategic Capital and Business Alliance With Kadokawa on January 7th
After rumors and confirmed letters of intent by both companies, Sony Group Corporation and Kadokawa confirmed a strategic capital and business alliance agreement on January 7th, 2025. Sony will acquire over 12 million new shares of the latter for roughly 50 billion yen, and together with previously acquired shares, it will become Kadokawa’s largest shareholder at 10 percent.