Tencent, Sony Buy Stake in , ‘Elden Ring’ Developer FromSoftware.
Tencent, Sony Buy Stake in , ‘Elden Ring’ Developer FromSoftware.
On Aug. 31, FromSoftware parent company Kadokawa Corp. said Tencent and Sony will take minority stakes in the Japanese publisher.
On Aug. 31, FromSoftware parent company Kadokawa Corp. said Tencent and Sony will take minority stakes in the Japanese publisher.
FromSoftware decided to conduct the Third-Party Allotment to Sixjoy within the Tencent Group, which has strength in its capabilities to develop and deploy mobile
games and other network technologies in
the global market including China, .., Kadokawa Corp., via statement.
... and SIE within the Sony Group, which has strength in its capabilities to deploy IP in games, videos and various other media in the global market, concurrently and separately, Kadokawa Corp., via statement.
The transaction is worth $263 million.
Tencent will hold 16.25% and
Sony will hold 14.09% of the company.
Tencent will hold 16.25% and
Sony will hold 14.09% of the company.
Kadokawa will retain 69.66%.
Reuters reports that one of FromSoftware's most famous titles, 'Elden Ring,' sold
16.6 million units globally by June 30.
Reuters reports that one of FromSoftware's most famous titles, 'Elden Ring,' sold
16.6 million units globally by June 30.
IGN reports it has become one of the
10 best-selling games ever in the U.S.
Other titles to gain popularity and secure the studio's spot as one of the world's most popular developers include 'Bloodborne,' 'Dark Souls' and 'Sekiro.'