Charles M. Schulz

Snoopy joining Sony? Electronics maker buying Peanuts stake

Snoopy may be joining Sony.

Japanese electronics maker Sony Corp. said Monday that it is buying a stake in Peanuts Holdings, the company behind Snoopy and Charlie Brown.

Sony Music Entertainment signed a deal with DHX Media, based in Nova Scotia, Canada, to acquire 49 percent of the 80 percent stake DHX holds in Peanuts.

Under the deal, Sony Music will own 39 percent and DHX 41 percent. The family members of Charles Schulz, the creator of Peanuts, will continue to own 20 percent of Peanuts. The parties hope to complete the acquisition on or about June 30, according to Tokyo-based Sony.

Sony said it sees Peanuts as "world class," and hopes to use...

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