Announced
Financials
Tags
Single Bidder
Entertainment
animation
video sharing
entertainment content
China
Pending
Friendly
Public
Acquisition
Majority
Cross Border
Synopsis
Sony, a global provider of entertainment services, is set to invest $400m in Bilibili, a Chinese video site. Upon closing, Sony will hold a 4.98% stake in Bilibili. “We are excited to partner with Sony, the world’s leader in entertainment and technology. The strategic investment and business cooperation further align our goals to bring best-in-class content offerings and services to our users, as we increase our domestic stronghold in animation and mobile games. We look forward to joining efforts on a broader scale to fulfill the tremendous and growing entertainment needs in China,” Rui Chen, Bilibili Chairman and Chief Executive Officer.
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