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Sony now owns a much bigger piece of FromSoftware’s parent company
It’s not a full acquisition...not yet anyway.
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, bringing its total ownership to 10 percent and making it the Kadokawa’s largest shareholder. An acquisition would have brought Kadokawa’s considerable holdings in Japanese movie, television, publishing, and video game production — which includes the Elden Ring developer and Danganronpa studio Spike Chunsoft — under Sony’s control.
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