Future Tech

Tencent, Sony to take stake in "Elden Ring" publisher FromSoftware

Tan KW
Publish date: Wed, 31 Aug 2022, 09:49 PM
Tan KW
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Future Tech

TOKYO -Units of Tencent and Sony will take minority stakes in FromSoftware Inc, which publishes hit action role-playing title "Elden Ring" in Japan, via a third-party allotment of new shares, parent Kadokawa Corp said on Wednesday.

Following the transaction, which will raise 36.4 billion yen ($262.9 million), units of Tencent Holdings Ltd and Sony Group Corp will hold 16.25% and 14.09% respectively with publishing giant Kadokawa retaining 69.66%.

The multi-platform fantasy title, which is published by Bandai Namco overseas, is a collaboration between veteran game director Hidetaka Miyazaki and "Game of Thrones" author George R. R. Martin.

 


  - Reuters

 

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