Sony now owns a much bigger piece of FromSoftware's parent company

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Sony now owns a much bigger piece of FromSoftware's parent company

^{Published on 2024-12-19 10:44:07 - MSN}

Sony has announced that it has increased its holdings in Japanese media giant and FromSoftware parent company Kadokawa Corporation. Sony acquired the shares for 50 billion yen or roughly $300 million,

Sony has significantly increased its stake in Kadokawa Corporation, the parent company of FromSoftware, known for developing popular games like "Elden Ring" and "Dark Souls." Sony's investment has grown from 1.93% to 14.09% through the acquisition of 1,999,800 shares, making it the largest shareholder in Kadokawa. This move is part of Sony's strategy to expand its influence in the gaming industry, particularly in the development of high-quality, narrative-driven games. The investment was made through Sony Interactive Entertainment, Sony's gaming division, and aims to foster a stronger partnership with FromSoftware, potentially leading to more exclusive titles for Sony's PlayStation platforms.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/entertainment/general/sony-now-owns-a-much-bigger-piece-of-fromsoftware-s-parent-company/ar-AA1warnv ]

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Sony now owns a much bigger piece of FromSoftware's parent company