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Sony Pictures and SMEJ acquire a 41% stake in Peanuts for $457 million, securing an 80% majority in the iconic franchise.

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Sony Pictures Entertainment has purchased majority ownership in the Peanuts franchise for a whopping 457 million dollars. The ...

Sony is buying an additional 41 percent stake in Peanuts. It has owned 39 percent of the franchise since 2018.

The deal announced Friday, increases Sony’s stake to a whopping 80%, and it values the business at more than $1 billion.

Sony will pay CAN $630 million to WildBrain for the 41% stake, or roughly $457 million. The closing of the transaction is ...