FromSoftWare has been partially acquired by Sony. Let’s see how the market will be affected after this very promising transaction for both parties.
In an official announcement released by Kadokawa Corporation, the parent company of FromSoftware, Tencent and Sony It was reported that the shares were sold to the companies. Sixjoy Hong Kong, a subsidiary of Tencent, and Sony Interactive Entertainment became stake holders.
Sony and Tencent made an acquisition of around 30%
According to company information, after the shares are transferred, Sixjoy will own 16.25% of FromSoftware and Sony 14.09%, Kadokawa will continue to own the remaining 69.66%. “It is recognized that the development of capabilities for the creation, development and distribution of gaming IP are the group’s highest priority values,” Kadokawa said in a statement. That’s why it’s been up to FromSoftware’s giving shares to Sixjoy and Sony under the ‘third-party allocation’ to get extra funding that can help release our own games globally.”
FromSoftware usually publishes its own games in Japan, but in other regions they are managed by other publishers. For example, Sekiro is published by Activision, while Elden Ring and Dark Solus are managed by Bandai Namco. Last week, Bandai Namco Europe COO Arnaud Muller said that the company is working hard behind the scenes to secure partnerships with IG and developers to protect itself from the impact of industry consolidation.
After this acquisition, FromSoftware has also provided the opportunity and environment to work more on development and development.