DHX Media wraps up sale of Peanuts’ stake to Sony

HALIFAX – DHX Media said Monday that it has closed its sale of a minority stake in the Peanuts brand to Sony Music Entertainment Japan (SMEJ) for C$235.6 million in cash.SMEJ has indirectly purchased 49% of DHX Media's 80% interest in Peanuts, subject to certain adjustments contemplated in the original agreement. DHX Media now owns 41% of Peanuts, SMEJ owns 39%, and the members of the family of Charles M. Schulz retain their 20% interest.DHX Media and SMEJ also completed their agreement to extend the duration of the current Licensing and Syndication Agency agreement with SMEJ’s consumer products division, Sony...