You will be redirected back to your article in seconds

Sony retains Blackstone

NEW YORK — Sony Corp. of Japan put investment bank the Blackstone Group on retainer, Sony said Thursday, formalizing a “long-standing relationship” in which Blackstone will “advise it on financial and strategic business issues in the United States.”

Blackstone chairman Peter Peterson is on Sony’s board, and the firm has advised Sony on issues in the past. The appointment won’t affect Sony Corp. of America’s engagement of CS First Boston to advise the company on entertainment-related strategic issues, a Sony spokeswoman said.

First Boston advised Sony on the recently announced merger of its Loews Theater group with Cineplex Odeon.

“Sony has had a long and fruitful relationship with the Blackstone Group,” Sony Corp. president Nobuyuki Idei said in a statement. “As we examine the numerous opportuni-ties created by the digital revolution and seek to implement our global strategy, we will require increased access to their considerable expertise.”

More Biz

  • Sirius Logo

    SiriusXM Hit With Big Rate Hike by Copyright Royalty Board

    NEW YORK — Sony Corp. of Japan put investment bank the Blackstone Group on retainer, Sony said Thursday, formalizing a “long-standing relationship” in which Blackstone will “advise it on financial and strategic business issues in the United States.” Blackstone chairman Peter Peterson is on Sony’s board, and the firm has advised Sony on issues in […]

  • Warner Music Group Logo

    Warner Music Taking Disciplinary Action Against Exec VP Jeff Fenster for Sexual Harassment

    NEW YORK — Sony Corp. of Japan put investment bank the Blackstone Group on retainer, Sony said Thursday, formalizing a “long-standing relationship” in which Blackstone will “advise it on financial and strategic business issues in the United States.” Blackstone chairman Peter Peterson is on Sony’s board, and the firm has advised Sony on issues in […]

  • Leonardo Da Vinci Salvator Mundi Auction

    How a Restored da Vinci Became the Most Expensive Artwork Ever

    NEW YORK — Sony Corp. of Japan put investment bank the Blackstone Group on retainer, Sony said Thursday, formalizing a “long-standing relationship” in which Blackstone will “advise it on financial and strategic business issues in the United States.” Blackstone chairman Peter Peterson is on Sony’s board, and the firm has advised Sony on issues in […]

  • Barry Diller Hollywood

    Barry Diller Eyes $30 Million Gondola to Hollywood Sign (EXCLUSIVE)

    NEW YORK — Sony Corp. of Japan put investment bank the Blackstone Group on retainer, Sony said Thursday, formalizing a “long-standing relationship” in which Blackstone will “advise it on financial and strategic business issues in the United States.” Blackstone chairman Peter Peterson is on Sony’s board, and the firm has advised Sony on issues in […]

  • Terry Crews WME

    Terry Crews Signs With UTA After WME Battle

    NEW YORK — Sony Corp. of Japan put investment bank the Blackstone Group on retainer, Sony said Thursday, formalizing a “long-standing relationship” in which Blackstone will “advise it on financial and strategic business issues in the United States.” Blackstone chairman Peter Peterson is on Sony’s board, and the firm has advised Sony on issues in […]

  • vice_logo

    Disney Will Get More Vice After Acquiring 21st Century Fox's $70 Million Stake

    NEW YORK — Sony Corp. of Japan put investment bank the Blackstone Group on retainer, Sony said Thursday, formalizing a “long-standing relationship” in which Blackstone will “advise it on financial and strategic business issues in the United States.” Blackstone chairman Peter Peterson is on Sony’s board, and the firm has advised Sony on issues in […]

More From Our Brands

Access exclusive content