Brief: IID announces business and capital alliance with Sony Music Entertainment (Japan) Inc.

IID

19/05/2016 07:20

May 19 (Reuters) - IID Inc  6038.T : 
 
     * Says the company to form a business and capital alliance 
with Sony Music Entertainment (Japan) Inc.(SME) in June 
     * Says SME will acquire 2 percent to 5 percent stake in the 
company  
     * Says the company to set up JV with M-ON Entertainment 
Inc(MOE), which is a wholly owned unit of SME, in June 
     * Says the JV will be engaged in internet information 
supply 
     * Says the company and MOE will hold a 15 percent stake and 
a 85 percent stake in the JV respectively 
 
     
    Source text in Japanese:https://goo.gl/ZW9Dfv 
    Further company coverage: 6038.T  
 
 (Beijing Headline News) 
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Reuters Messaging: jun.cao.reuters.com@reuters.net)) 
 
Keywords: IID/BRIEF