A few weeks ago, rumors surfaced that Sony might acquire Kadokawa Corporation. Both sides confirmed that negotiations were underway, and now their outcome has become known. Sony does not completely buy out the media giant, but becomes its largest shareholder.
Sony officially announced that they will acquire shares of Kadokawa Corporation for approximately $320 million. This will happen on January 7, 2025. Thus, Sony will have about 10% of all shares of Kadokawa Corporation in its hands, and Sony itself will become its largest shareholder.
The announcement calls the deal a “strategic business agreement” and Sony plans to deal directly with Kadokawa Corporation. In particular, they will invest in the development of franchises and the creation of content for them. Sony is interested in working on the development of games, anime, television and film adaptations of the famous Kadokawa series.
Let us remember that Kadokawa is the parent company of FromSoftware (creators of Dark Souls, Elden Ring and other projects).
