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Kadokawa stock recovery to pre-announcement levels by June 30, 2025?
3
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Yes • 50%
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Kadokawa's stock price data from financial market reports
Story
Sony Acquires 10% Stake in Kadokawa for 50 Billion Yen ($318 Million), Becomes Largest Shareholder in FromSoftware Parent Company
Dec 19, 2024, 11:33 AM
Sony Group has officially announced a strategic capital and business alliance with Kadokawa, the parent company of FromSoftware, known for titles such as Elden Ring. As part of this agreement, Sony will acquire approximately 12 million new shares of Kadokawa for around 50 billion yen (approximately $318 million), raising its total stake to about 10%. This acquisition makes Sony the largest shareholder in Kadokawa. The partnership aims to enhance collaboration on various intellectual properties, including potential adaptations of Kadokawa's content into live-action films, TV dramas, and anime productions. Following the announcement, Kadokawa's stock experienced a decline of 15.95% in after-market trading, while Sony's shares rose by 1.54%. The deal is set to take effect in January 2025.
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