Beep For SONY $400 Million Investment, The Two Sides Will Cooperate In Many Fields.

Recently, beep Li Li (hereinafter referred to as B station) announced that it received a strategic investment of $400 million.

At the same time, the two sides will cooperate in many fields, especially in the field of animation and mobile game. Under the agreement, SONY will subscribe to the new 17310696 class Z common stock issued by the B station through a total subsidiary price of its wholly-owned subsidiary through about 400 million US dollars. The purchase price is $23.1071 per share of class Z common stock, equivalent to US $23.1071 per B station.

The transaction is expected to be completed shortly, when SONY will hold about 4.98% of the total issued shares of its B station through its subsidiaries.

It is understood that after the announcement of B's announcement, the share price rose sharply. As of Eastern time April 9th, 12. 7 minutes and 26 seconds, the company's share price rose 3.66% to 27.16 dollars, with a total market value of 8 billion 912 million US dollars.

In fact, a special page on B's website yesterday showed that SONY music entertainment has officially entered into strategic cooperation with beep. From now on, users can watch SONY music entertainment song library MV at B station.

In addition, Tencent and Ali also hold shares in B station. According to the annual report released by the company, as of February 28, 2020, the chairman of the B station and CEO Chen Rui were the largest shareholders, with a shareholding ratio of 15.1%, with a voting power of 45%. The Tencent held 13.3%, was second largest shareholder, and had 4% of the voting rights; and Ali was the fourth largest shareholder, with 7.2% shareholding and 2.2% voting rights.

And after SONY's stake, it will hold about 4.98% of the total B shares issued. Tencent holdings fell to 12.6%, still the second largest shareholder, and Ali holdings fell to 6.8%, still the fourth largest shareholder.