Sony Goes All-In On Snoopy, Scoops Up Control Of Peanuts Empire - Sony Group (NYSE:SONY)

Sony Group Corp (NYSE:SONY) shares were lower on Friday after the company announced plans to increase its ownership of the iconic Peanuts franchise. • Sony Group stock is trending lower. Why is SONY stock retreating?Sony's music and motion picture units unveiled a major transaction to gain a controlling interest in Peanuts Holdings.Deal Overview and Ownership ShiftSony Music Entertainment (Japan) Inc. and Sony Pictures Entertainment Inc. signed a definitive agreement with WildBrain Ltd. to buy WildBrain's r ...