N@N

Sony becomes the "largest shareholder" in FromSoftware owner Kadokawa, as the two put an Elden Ring on a "strategic capital and business alliance"

Sony has become the largest shareholder in Kadokawa, the parent company of FromSoftware, known for developing games like Elden Ring and Dark Souls. This strategic move was made through a ¥4 billion ($28.9 million) investment, giving Sony a 6.33% stake in Kadokawa. The investment aims to foster a capital and business alliance, focusing on enhancing game development, particularly in the AAA console game sector, and exploring new business opportunities in entertainment. This partnership will also see Sony and Kadokawa collaborating on IP adaptations, leveraging Sony's expertise in film, TV, and music. The deal was announced on October 4, 2023, and is part of Sony's broader strategy to strengthen its position in the gaming industry by aligning with key content creators.

Read the Full vg247 Article at:
[ https://www.vg247.com/sony-becomes-largest-shareholder-in-fromsoftware-owner-kadokawa-strategic-capital-and-business-alliance ]