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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.

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