Sony has invested 50 billion yen (approx. $318 million) in FromSoftware parent company Kadokawa, putting the brakes on a full takeover for now.
With the investment, Sony becomes the largest shareholder in Kadokawa, with 10% of the company’s shares. Chinese megacorp Tencent is next in-line.
Kadokawa and Sony have formed what the pair described as a ‘Strategic Capital and Business Alliance,’ with the goal to boost Kadokawa’s long list of intellectual properties globally.
The announcement of the deal includes vague corporate speak about how the two companies plan to work together in the future, but there is a line about adapting Kadokawa’s IP into live-action films and TV dramas globally, co-producing anime works, and further expanding the publishing of Kadokawa’s games.
Sony Becomes Largest Shareholder in FromSoftware Parent Kadokawa, No Full Takeover for Now - IGN
Sony has invested 50 billion yen (approx. $318 million) in FromSoftware parent company Kadokawa, putting the brakes on a full takeover for now.
www.ign.com