TOKYO -- Sony Group announced on Thursday that it will acquire a 2.5% stake in Bandai Namco Holdings, which owns intellectual property such as the "Gundam" franchise, for approximately 68 billion yen ($470 million).
Business deals
Sony Group to take 2.5% stake in 'Gundam' owner Bandai Namco
Investment of $470mn aims to develop anime and entertainment facilities
Sony Group said it will take a stake in Bandai Namco Holdings. Sony has been actively increasing its investments in companies with strong intellectual property.
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