Chinese holding company Tencent, the biggest firm in the video game industry in terms of investment and revenue, has increased its stake in Kadokawa, the Japanese parent company of our beloved Soulslike maker, FromSoftware. Purchasing an additional 1.1% of Kadokawa’s total shares, it now holds a 7.97% stake.
Reported by Nikkei (thanks, GamesIndustry.biz), Tencent says that the move forms “part of a capital business alliance between the submitter and the issuer”. At just under two points less than Sony’s investment in Kadokawa, which the PlayStation platform holder has expressed interest in acquiring outright, Tencent is among the firm’s largest shareholders. Sony holds a 10% stake in Kadokawa, and a further 14% of FromSoftware itself.
At this current rate of investment, it seems like only a matter of time before one entity or another acquires Kadokawa outright. How do you feel about these varied monied interests circling our beloved FromSoftware? Practice your parry timing in the comments section below.
[source nikkei.com, via gamesindustry.biz]
