FromSoftware parent company Kadokawa Corporation announced Sony Interactive Entertainment and Tencent subsidiary Sixjoy Hong Kong have acquired a combined 30.34 [.]
FromSoftware s parent company Kadokawa said Wednesday that Tencent and Sony will take a minority stake in FromSoftware, publisher of the hit Japanese action role-playing title Elden Ring, through a third-party allotment of new shares.Elden Ring, a collaboration between veteran game director Hidetaka Miyazaki and Game of Thrones author George R. R. Martin, had sold 16.6 million units worldwide as of the end of June.Through the third-party allotment, Sixjoy Hong Kong, a subsidiary of Tencent, will own 16.25% of FromSoftware’s shares, and Sony Interactive Entertainment will own 14.09%. Kadokawa Corporation remains the largest shareholder of the company with 69.66% of shares.FromSoftware will, through the implementation of this fundraising, actively invest in the development of its own stronger game IP to enhance FromSoftware s development capabilities and seek to build a framework that allows the expansion of the scope of its own publishing in the significantly growing global market.Ten