Sony Music Entertainment Japan to buy 23.29% of GungHo and form alliance
Sony Music Entertainment Japan will acquire a 23.29% stake in GungHo Online Entertainment via an off-market transaction from major shareholder SON Financial for 28,635,502,500 yen (about $178.7 million), at 2,385 yen per share. The deal, pending regulatory approvals, is expected to close on December 30, 2026. Sony Music Japan will become the largest shareholder and affiliated company while keeping GungHo’s management independence. The firms will explore joint development and operations of smartphone, console, and PC games, including use of