On December 19, Sony Group announced a capital and Business cooperation with Japan's content giant Kadokawa Group (KADOKAWA). It will invest nearly 50 billion yen (approximately 0.32 billion USD) to acquire new shares from the latter, increasing its stake to about 10%, thus becoming Kadokawa Group's largest Shareholder. Kadokawa plans to allocate 20 billion yen for developing and acquiring new IPs, and 29.7 billion yen for strengthening Global distribution.
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索尼将斥资近500亿日元收购日本内容巨头角川股份，成后者最大股东
Sony will invest nearly 50 billion yen to acquire Japan's content giant Kadokawa Corporation, becoming its largest Shareholder.
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