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Stock impact report

Sony Plans Bid Versus Blackstone, KKR for $1.3 Billion Manga App [Yahoo! Finance Canada]

Sony Group Corporation American Depositary Shares (SONY) 
provider Infocom Corp. in a deal estimated to be worth around ¥200 billion ($1.3 billion). Most Read from Bloomberg A second round of bidding for Teijin Ltd.'s entire stake in Infocom will be held in May, according to people familiar with the matter, who asked not to be named discussing non-public information. ADVERTISEMENT Sony Group Corp.'s music arm is discussing an offer with Japanese fund Integral Corp. and the suitors are considering acquiring all of Infocom's shares to take the Mecha Comics manga app operator private, one of the people said. Industrial textiles maker Teijin holds 55.1% of Infocom, according to data compiled by Bloomberg. Tokyo-based Sony has been seeking to expand its content offerings and has become more active in high-profile deals. It's now partnering with Apollo Global Management Inc. on a proposed $26 billion purchase of Paramount Global, which holds rights to movies like The Godfather and Top Gun: Maverick. Sony's shares fell around 1.8% in To Show less Read more
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