Sony Music Entertainment Japan Preparing to become a major shareholder Gonghe Online Entertainmentthe most famous Japanese developer Jigsaw puzzle and dragon. The two companies announced a financial and business alliance, in which Sony Music will acquire 23.29% of GungHo’s shares in an over-the-counter transaction with current major shareholder SON Financial.
Sony’s growth
At a price of 2,385 yen per share, the total value of the transaction is 28.635 billion yen, or approximately US$178.7 million. The acquisition is expected to close on December 30, 2026, subject to Obtain necessary authorization. After the transaction is completed, Japan’s Sony Music Entertainment will become GungHo’s largest shareholder. Sony Group Inc., the parent company of Sony Music Entertainment Japan, will also be considered an affiliate.
Sony Music and GungHo intend to collaborate Development and management of smart phone video gamesconsoles and PCs published by GungHo, as well as promoting collaborative programs related to the Japanese company’s games.
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This is also one of the goals of the alliance Exploration of new game projectsincluding the use of intellectual property rights belonging to Sony Music Entertainment Japan, Inc. and its subsidiaries and affiliates.
GungHo will maintain management independence and continue as one company despite Sony Music moving into capital Listed on the main market of the Tokyo Stock Exchange. The agreement thus represents a strengthening of the relationship between the two companies, but does not integrate GungHo into Sony’s corporate structure, at least for now.
