Sony Acquires 12,054,100 Shares in Kadokawa for 50 Billion Yen, Becomes Largest Shareholder

Dec 19, 2024, 08:10 AM

Sony Group has officially announced its acquisition of a 10% stake in Kadokawa, the parent company of FromSoftware, known for its popular game Elden Ring. The deal involves Sony purchasing 12,054,100 new shares of Kadokawa for approximately 50 billion yen. With this investment, Sony becomes Kadokawa's largest shareholder, holding a total of about 10% of its shares, including previously held shares. The two companies plan to collaborate on expanding Kadokawa's intellectual property (IP).