Snoopy joining Sony? Electronics maker buying Peanuts stake
TOKYO — Snoopy may be joining Sony.
Japanese electronics maker Sony Corp. said Monday that it is buying a stake in Peanuts Holdings, the company behind Snoopy and Charlie Brown.
Sony Music Entertainment signed a deal with DHX Media, based in Nova Scotia, Canada, to acquire 49 per cent of the 80 per cent stake DHX holds in Peanuts.
Under the deal, Sony Music will own 39 per cent and DHX 41 per cent. The family members of Charles Schulz, the creator of Peanuts, will continue to own 20 per cent of Peanuts. The parties hope to complete the acquisition on or about June 30, according to Tokyo-based Sony.