Sony Music Entertainment Japan and GungHo Online Entertainment to form capital and business alliance

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August 29, 2026
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announced. The total offering price is 28,635,502,500 yen (approx. $178.7 million USD) at 2,385 yen per share.

The deal, which is expected to close on December 30, 2026, pending regulatory approvals, will make Sony Music Entertainment Japan the largest shareholder and an affiliated company of GungHo Online Entertainment.

Joint development and operation of smartphone games, console games, and

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