Which is the majority owner of Elden Ring developer FromSoftware. Kadokawa also has significant holdings in the anime and manga industries
Reuters said a deal could be signed in the coming weeks. Kadokawa’s market capitalization stood at $2.7 billion before Reuters made its report — less than Sony paid for Destiny developer Bungie in 2022.
For gamers, the most eye-catching element of the deal is certainly FromSoftware, of which Kadokawa owns a 70% stake. Sony’s gaming arm already owns another 14% of the studio, with the rest owned by a Tencent subsidiary. Other video game developers owned by the group include Spike Chunsoft (Danganronpa, Dragon Ball: Sparking! Zero) and Acquire (Octopath Traveler, Mario & Luigi: Brothership).
