• Thu, December 19, 2024

by: Polygon

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On Jan. 7, 2025, Sony will become Kadokawa's largest stockholder by purchasing 12,054,100 new Kadokawa shares for 50 billion yen (around $320 million). This purchase, combined with a previous round of share acquisition in February 2021, will bring Sony's total holding in Kadokawa to 10% of the company.

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Cardi B asks Offset to sign divorce papers after heated social media exchange

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Sony becomes biggest shareholder of FromSoftware owner in massive deal

Sony has become the biggest shareholder of FromSoftware owner Kadokawa, forming a "strategic capital and business alliance".

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  • Mon, December 23, 2024

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Sony to become largest shareholder in FromSoftware parent company Kadokawa

On Jan. 7, 2025, Sony will become Kadokawa's largest stockholder by purchasing 12,054,100 new Kadokawa shares for 50 billion yen (around $320 million). This purchase, combined with a previous round of share acquisition in February 2021, will bring Sony's total holding in Kadokawa to 10% of the company.
Sony has become the largest shareholder in Kadokawa, the Japanese media conglomerate that owns FromSoftware, the developer behind critically acclaimed games like "Dark Souls," "Bloodborne," and "Sekiro: Shadows Die Twice." This acquisition was part of a broader investment strategy by Sony to strengthen its position in the gaming and entertainment industry. The deal involved Sony purchasing a 1.93% stake in Kadokawa, which, while seemingly small, was enough to make Sony the largest single shareholder due to Kadokawa's dispersed ownership structure. This move not only signifies Sony's interest in FromSoftware's unique game development capabilities but also aims to foster closer collaboration between Sony's PlayStation division and Kadokawa's extensive portfolio of media properties, potentially leading to more exclusive content and cross-media projects.

Read the Full Polygon Article at:
https://www.polygon.com/news/499710/sony-kadokawa-fromsoftware-largest-shareholder-acquisition

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