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Sony becomes biggest shareholder of FromSoftware owner in massive deal

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Sony has become the biggest shareholder of FromSoftware owner Kadokawa, forming a "strategic capital and business alliance".
Sony has become the largest shareholder of Kadokawa Corporation, the parent company of FromSoftware, known for developing popular games like Elden Ring and Dark Souls. This significant investment was part of a ¥40 billion ($280 million) deal where Sony acquired 1.9 million shares, representing a 14.09% stake in Kadokawa. The transaction was aimed at strengthening the partnership between Sony Interactive Entertainment (SIE) and Kadokawa, particularly in the gaming sector. This move is seen as Sony's strategy to bolster its position in the gaming industry, especially in light of the evolving market dynamics and the need to secure exclusive content and development capabilities. The deal also includes provisions for potential future collaborations in various entertainment fields, including film, TV, and music, leveraging Sony's extensive entertainment network.

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[ https://www.dexerto.com/gaming/sony-becomes-biggest-shareholder-of-fromsoftware-owner-in-massive-deal-3011818/ ]