Sony Announces Investment in the Chinese Entertainment Platform Bilibili Inc.

Tokyo, Japan – Sony Corporation (“Sony”) today announced that Sony Corporation of America (“SCA”), a wholly-owned subsidiary of Sony, has entered into a definitive agreement, pursuant to which SCA has subscribed for 4.98% of the total outstanding shares of Bilibili Inc.(“Bilibili”) (Nasdaq: BILI), a leading online entertainment platform for young generations in China, through the purchase of newly issued Class Z ordinary shares for an aggregate purchase price of approximately 400 million U.S. dollars. Read the original article

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