SoftBank makes $250 million investment in Legendary Entertainment

October 2, 2014 5:10 PM

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SoftBank makes $250 million investment in Legendary Entertainment

TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp said on Thursday it is taking a minority stake in privately-held Legendary Entertainment for $250 million and will form a joint venture with the Hollywood movie studio.

The venture will exploit Legendary's intellectual property rights including in television and digital with a particular focus on China and India, the companies said, confirming a Reuters report earlier on Thursday.

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