Sony Just Made A Big Move With Elden Ring Parent Company But It's Not The Rumored Buyout
Briefly

Sony Group is solidifying its investment in Kadokawa Corporation by acquiring over 12 million shares, becoming the largest shareholder with a strategic focus on adapting their franchises.
With a purchase of 12,054,100 new shares for 50 billion yen, Sony will own 10% of Kadokawa's shares, marking another significant step in their long-term collaboration.
The deal includes plans for Sony to adapt Kadokawa's franchises into global TV dramas and films, while also expanding its collaboration in anime and game publishing.
Despite previous speculation about an outright acquisition, Sony's current move indicates a commitment to working strategically with Kadokawa on shared projects.
Read at GameSpot
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