Another headline of the day! It must be Christmas season! I loved to watch the Charlie Brown cartoons.
"Sony has agreed to pay $457 million to double its stake in Peanuts Holdings LLC, giving it 80% ownership of Charlie Brown, Snoopy and the whole Peanuts cartoon gang created by cartoonist Charles Schulz.
The Japanese entertainment giant is buying the 40% stake it doesn’t own from Canadian entertainment company WildBrain, which also owns the Teletubbies and Strawberry Shortcake brands. The deal announced Friday values the Peanuts business at more than $1 billion, with the Schulz family retaining its current 20% stake. ..."
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