Sony and Tencent become shareholders of FromSoftware

FromSoftware issued new shares of its capital to Sony Interactive Entertainment, a subsidiary of Sony Group Corporation, and Sixjoy, a subsidiary of Tencent.

Already owners of 1.93% and 6.8% of the capital of Kadokawa Corporation, respectively, Japanese giant Sony and Chinese giant Tencent jointly acquired a 30.34% stake in FromSoftware, which is equivalent to 16.25% for a subsidiary of Sixjoy and 14.09% for a subsidiary Sony Interactive Entertainment. The remaining 69.66% of the shares are owned by the parent company Kadokawa Corporation.

FromSoftware is the driving force behind Kadokawa Corporation’s gaming business as it continually creates world-famous titles such as Sekiro: Shadows Die Twice and Elden Ring, drawing on its cutting-edge intellectual property developments. In anticipation of further business expansion, Kadokawa Corporation considers expanding the ability to create, develop and implement intellectual property in relation to games as one of its top priorities. With the participation of Sony and Tencent,

Why is Kadokawa Corporation Opening FromSoftware Capital to Sony and Tencent?