Sony Paying $400 Million for Stake in Bilibili, Chinese Online Platform

Sony is to pay $400 million for a minority stake in Chinese online entertainment platform Bilibili. The deal values Bilibili at $8 billion. The all cash transaction is to be conducted through Sony Corporation of America and sees SCA buy 17.3 million Bilibili shares, or just under 5% of Bilibili’s capital. Bilibili stock is traded […]

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