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Sony to Buy FromSoftware Parent Company Kadokawa – Report
Sony is reportedly purchasing Kadokawa Corporation, the parent company of FromSoftware. This breaking news is brought to us by Reuters, who claims that both parties are in talks right now and a deal could be finalized within the next few weeks. Sony already owns a stake in Kadokawa and FromSoftware. Sony increased its stake in […]
The post Sony to Buy FromSoftware Parent Company Kadokawa – Report appeared first on PlayStation LifeStyle.
11-19-2024 AM EST 03:09 AM EST
Sony is reportedly purchasing Kadokawa Corporation, the parent company of FromSoftware. This breaking news is brought to us by Reuters, who claims that both parties are in talks right now and a deal could be finalized within the next few weeks. Sony already owns a stake in Kadokawa and FromSoftware.
Sony increased its stake in Kadokawa and FromSoftware in recent years
Sony and Kadokawa have partnered on a number of projects, with the PlayStation maker most recently increasing its stake in subsidiary FromSoftware in August 2022. Back then, PlayStation boss Hermen Hulst said that Sony’s investment in FromSoftware might not be limited to video games.
Chinese giant Tencent also holds a stake in Kadokawa, but if this deal goes through, Sony will have a majority share of over 80% combined. According to Reuters, report of Sony purchasing Kadokawa resulted in the latter’s shares closing 23% higher.
Both Sony and Kadokawa declined to comment, but considering the report is coming from Reuters, we expect to hear a confirmation of the news in due course.
Kadokawa Corporation will be a solid addition to Sony Group, and FromSoftware potentially becoming a PlayStation studio will be the cherry on top.
We’ll update our readers when we have more information.
The post Sony to Buy FromSoftware Parent Company Kadokawa – Report appeared first on PlayStation LifeStyle.
More at PlayStation Lifestyle
The post Sony to Buy FromSoftware Parent Company Kadokawa – Report appeared first on PlayStation LifeStyle.
11-19-2024 AM EST 03:09 AM EST
Sony is reportedly purchasing Kadokawa Corporation, the parent company of FromSoftware. This breaking news is brought to us by Reuters, who claims that both parties are in talks right now and a deal could be finalized within the next few weeks. Sony already owns a stake in Kadokawa and FromSoftware.
Sony increased its stake in Kadokawa and FromSoftware in recent years
Sony and Kadokawa have partnered on a number of projects, with the PlayStation maker most recently increasing its stake in subsidiary FromSoftware in August 2022. Back then, PlayStation boss Hermen Hulst said that Sony’s investment in FromSoftware might not be limited to video games.
Chinese giant Tencent also holds a stake in Kadokawa, but if this deal goes through, Sony will have a majority share of over 80% combined. According to Reuters, report of Sony purchasing Kadokawa resulted in the latter’s shares closing 23% higher.
Both Sony and Kadokawa declined to comment, but considering the report is coming from Reuters, we expect to hear a confirmation of the news in due course.
Kadokawa Corporation will be a solid addition to Sony Group, and FromSoftware potentially becoming a PlayStation studio will be the cherry on top.
We’ll update our readers when we have more information.
The post Sony to Buy FromSoftware Parent Company Kadokawa – Report appeared first on PlayStation LifeStyle.
More at PlayStation Lifestyle
