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Tokyo · JAPANESE entertainment giant Sony on Tuesday announced a deal to acquire the music publishing firm and record label EMI for a price of around US$1.9 billion. Sony signed a deal with Abu Dhabi-based investment firm Mubadala to buy its 60 per cent holding in EMI, giving the Japanese firm an indirect stake of approximately 90 per cent, Sony said in a statement. "We are thrilled to bring EMI Music Publishing into the Sony family and maintain our No 1 position in the music publishing industry," Sony boss Kenichiro Yoshida said in a statemen ...
Sony Group Corp. said it would buy back as much as 200 billion yen ($1.5 billion) of its own shares after reporting earnings that missed analyst estimates.
SONY stock is a Strong Buy, according to analysts, with four unanimous Buys assigned in the past three months. The average SONY stock price target of $112.93 implies 39.8% upside potential....
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Sony reported fourth-quarter revenue and profit above expectations, with the company also announcing share buybacks and plans to split its stock in October.
Sony Group Corp. and Apollo Global Management Inc. made a $26 billion proposal to buy Paramount Global, the media giant that owns CBS and MTV, according to people with knowledge of the matter.