Kadokawa Corporation announces that Tencent and Sony have both acquired larger stakes in FromSoftware, combining over 30%.
The gaming world has seen a number of high-profile acquisitions since the start of 2022 with several major studios involved. Microsoft kicked off the year with its nearly $70 billion purchase of Activision with Sony following shortly after and the acquisition Fate Bungie developer. Other major studios like Electronic Arts, Square Enix and Warner Bros. Interactive have also been linked to potential purchases throughout the year. Now Tencent and Sony have both acquired larger stakes in Ring of Elden developer From software.
The announcement was made early Wednesday by FromSoftware’s parent company, Kadokawa Corporation, revealing the developer’s newly purchased shares. Following the issuance of the new shares, Tencent will own 16.25% of FromSoftware while Sony will be slightly lower at 14.09%. Kadokawa Corporation will retain its majority shareholder status in the dark souls studio after the purchase, owning 69.66% of FromSoftware. Kadokawa cited the sale to Tencent and Sony as “strengthening FromSoftware’s capabilities” when it comes to developing its own franchises like sekiro and Ring of Elden.
FromSoftware’s new partnership with Sony comes after the developer has worked with Sony on exclusive projects several times in the past. FromSoftware developed and released transmitted by blood a PlayStation exclusive on PS4 as well as the release of the original Demon’s Souls on PS3. Recent rumors alongside a transmitted by blood The maintenance announced for today has also raised fan suspicions that the game might be getting some sort of major news in Sony’s upcoming rumored PS Showcase.
The acquisition of a larger stake by Sony and Tencent comes as FromSoftware has continued to ride on the success of Ring of Elden. After being one of the gaming industry’s most anticipated games for several years, Ring of Elden received critical and commercial acclaim after its launch. A recent sales report from publisher Bandai Namco revealed that Ring of Elden has shipped 16.6 million copies worldwide since its launch in February. Many fans and critics already consider Ring of Elden a favorite for Game of the Year awards, with the game also being one of the most talked about games of 2022 on Twitter.
Along with Sony’s acquisition of Bungie earlier this year, the PlayStation developer was also heavily tied to rumored purchases of Square Enix. Tencent owns a majority stake in League of Legends developer Riot Games for several years and Tencent was recently linked to negotiations with Ubisoft. The purchase of FromSoftware will be added to the list of high-profile acquisitions that has grown steadily throughout the year.
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