• Sony Invests $400 Million in Chinese Video-Sharing Site Bilibili

    1 month ago - By The Wrap

    Sony has invested $400 million in Chinese video-sharing site Bilibili.
    The transaction, which was all-cash, will be done through Sony Corporation of America. SCA bought 17.3 million shares, which is equal to just under 5% of Bilibili's capital.
    Bilibili's stock currently trades in the US for $23.1 a share, but before the announcement, it finished trading Wednesday at $26.20. It's up 7% in early trading Thursday.
    At the closing, Bilibili and Sony will also enter into a business deal to pursue collaborations anime, and mobile games, and other areas of the entertainment industry in the...
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  • Sony Invests $400M In Chinese Youth-Focused Entertainment Platform Bilibili

    1 month ago - By Deadline

    Sony has made a $400M investment in Bilibili, the Chinese entertainment platform that is wildly popular with young people in the middle kingdom. The service, which features content including animation, comics, games, user-generated videos and streaming, first launched in 2020. Today's deal sees Sony acquire 17.3 million shares, roughly 5% of its total number, valuing...
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