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Business deals

Sony unit buys AT&T's stake in Game Show Network for $380m

Japan's iconic tech company becomes sole owner of US TV production house

Sony expects Game Show Network to help it create synergies with its game and movie businesses.

TOKYO -- Sony Pictures Entertainment, a U.S. unit of Japanese conglomerate Sony, has acquired a 42% stake in U.S. TV production house Game Show Network from AT&T for $380 million, the company said on Tuesday. GSN will become a wholly owned subsidiary of SPE.

The move is aimed at creating synergies with Sony's game and movie businesses.

The acquisition will have limited impact on Sony's earnings in the fiscal year through March, according to the company.

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