Station B received a US $ 400 million investment from Sony, and the two parties will cooperate in many fields such as animation games

Station B received a US $ 400 million investment from Sony, and the two parties will cooperate in many fields such as animation games
Sauna Night News April 9th, Bilibili (hereinafter referred to as “Station B”) announced that it had received a strategic investment of US $ 400 million from Sony.At the same time, the two sides cooperate with each other in many fields, especially in the fields of animation and mobile games.Under the agreement, Sony will subscribe for 17,310,696 newly issued Class Z common shares at a total consideration of approximately US $ 400 million through a wholly-owned subsidiary of Sony.The purchase price is quasi-Z common stock23.1071 US dollars, equivalent to 23 American Depositary Shares (ADS) per station B.1071 USD.This transaction is expected to be completed in the near future, when Sony will hold approximately 4 of the issued share stack of Station B through its subsidiaries.98%.For this cooperation, Chen Rui, Chairman and CEO of Station B, said: “We are very pleased to have reached a cooperation with Sony, a global leader in entertainment and technology.This strategic partnership for release will help us bring better content and better service experience to users, especially in the field of animation and games.We look forward to working together with Sony in a wider field to meet the growing cultural and entertainment needs of users.”It is reported that the two sides have a long history of business cooperation in animation, games, music and other fields.Since 2014, Station B and Aniplex, a wholly-owned subsidiary of Sony, have carried out multiple cooperation in the procurement of animation copyrights. In 2016, they announced the exclusive agent of Aniplex and released the mobile game “Destiny-Crown Designation” (Fate / Grand Order).Recently, Station B has also reached a strategic cooperation with Sony Music. Users can watch the music library MV of Sony Music on Station B.This round of financing is another important strategic investor dating from Tencent and Ali since the listing of Station B.In October 2018, Station B received Tencent 3.200 million USD investment.In February 2019, Alibaba announced its stake in Station B.