Sony Group mentioned on Thursday it is going to make investments about JPY 50 billion ($320 million or roughly Rs. 2,722 crore) to amass new shares of Kadokawa, elevating its stake within the Japanese media powerhouse to round 10 p.c and changing into Kadokawa’s high shareholder.
Through the capital alliance, Sony and Kadokawa, which have already labored collectively on varied tasks, plan to strengthen their collaboration, reminiscent of joint investments within the content material subject and joint discovery of latest creators, they mentioned.
The deal is more likely to bolster Sony’s leisure portfolio, which spans video games, films, music and anime, with Kadokawa controlling FromSoftware, which has a observe file of well-received video games together with “Elden Ring”.
© Thomson Reuters 2024
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