TOKYO :Units of Tencent and Sony will take minority stakes in FromSoftware Inc, which publishes hit action role-playing title 'Elden Ring' in Japan, via a third-party allotment of new shares, parent Kadokawa Corp said on Wednesday.Following the transaction, which will raise 36.4 billion yen ($262.9 million),
TOKYO :Units of Tencent and Sony will take minority stakes in FromSoftware Inc, which publishes hit action role-playing title"Elden Ring" in Japan, via a third-party allotment of new shares, parent Kadokawa Corp said on Wednesday.
Following the transaction, which will raise 36.4 billion yen , units of Tencent Holdings Ltd and Sony Group Corp will hold 16.25 per cent and 14.09 per cent respectively with publishing giant Kadokawa retaining 69.66 per cent. The multi-platform fantasy title, which is published by Bandai Namco overseas, is a collaboration between veteran game director Hidetaka Miyazaki and"Game of Thrones" author George R. R. Martin.
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