Breaking Sony in Negotiations to Acquire Kadokawa and Japanese Game DeveloperFromSoftware Inc

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Detective Conan

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Sony talks with Kadokawa Corporation and including Japanese Game Developer FromSoftware Inc. they are the makers of popular game "Elden
Ring". at present Sony holds 2 % stake in Kadokawa which owns FromSoftware Inc.

Elden Ring game was collab between Director Hidetaka Miyezaki and Game of Thrones authopr George R.R Martin - has sold 25 Million units, Shadow of the Erdtree sold 5 million units within three days of its release.the title available on gaming platforms including Sony's PlayStation.

Kadokawa corparations shares surged 23% on closing at daily limit with market cap of $2.7 Billion. whereas Sony's share saw modest increase of only 0.6%. Kadokawa began as publisher in 1945, yet expanded into games, anime, events and figurines with franchise of Re:Zero.Kadokawa acquired 70 percent stake of FromSoftware Inc - game developer. Sony already owned 14 percent stake of FromSoftware.

In Nov 2024, Kadokawa Corporation reported that anime and live-action video business has achieved exceptional growth in the 2nd quarter of the fiscal year 2024 due to the strong demand for popular anime and live-action projects.

 
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