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Sony is buying an additional 41 percent stake in Peanuts. It has owned 39 percent of the franchise since 2018.

The discount might not be big enough to warrant the upgrade, but we’ll let you make that call.

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The deal announced Friday, increases Sony’s stake to a whopping 80%, and it values the business at more than $1 billion.

Sony is taking control of the beloved comic strip Peanuts. The company is buying a 41% stake from Canadian owner WildBrain ...

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Sony will pay CAN $630 million to WildBrain for the 41% stake, or roughly $457 million. The closing of the transaction is subject to certain closing conditions, including regulatory approvals.