Written by Dante Uzel on 19 December 2024 19:43
Sony is increasing its stake in Kadokawa Corporation, positioning itself as the largest shareholder in the parent company of Elden Ring developer FromSoftware.
Under a new “strategic capital and business alliance agreement,” Sony will acquire over 12 million new shares in Kadokawa for approximately ¥50 billion ($318 million), with the transaction set to close on January 7, 2025. This move will bring Sony’s total stake in Kadokawa to around 10%, adding to the shares it purchased in February 2021.
Sony also holds a 14% stake in FromSoftware, which is owned by Kadokawa. This expanded investment solidifies Sony’s influence over the company, which has become a major player in the gaming industry due to its ownership of FromSoftware.
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The agreement between the two companies goes beyond the purchase of shares, as they plan to collaborate on a variety of projects. These include adapting some of Kadokawa’s intellectual property (IP) into live-action films and TV shows, co-producing anime projects, and expanding the publishing and distribution of both Kadokawa’s anime and video game properties.
This announcement follows Sony's recent indication that it was considering acquiring a larger stake in Kadokawa, signaling a deeper commitment to working with the company.
In addition to FromSoftware, Kadokawa owns several other key companies in the gaming industry, including developer Spike Chunsoft, Octopath Traveler co-developer Acquire, and RPG Maker studio Gotcha Gotcha Games.
Tags: Sony
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