Sony buys ~$320M of shares in Japanese media powerhouse Kadokawa, which owns FromSoftware, taking its stake to ~10% and becoming Kadokawa's top shareholder
for now Sal Romano / Gematsu : Sony Group Corporation and Kadokawa Corporation to form strategic capital and business alliance Jordan Middler / Video Games Chronicle : Sony is now Kadokawa's largest shareholder Ryan Parreno / Gameranx : Sony And Kadokawa Make The Deal - For Sony To Own 10 % Of The Company Bluesky: Lynzee Loveridge / @annlynzee : I might cry in relief. It looks like the end agreement is Sony now owns a 10% stake. — www.sony.com/en/SonyInfo/... Everyone was so sure they were going to purchase us in full. It's a Christmas miracle. X: @wario64 : KADOKAWA and Sony Agree to Form Strategic Capital and Business Alliance - Sony acquiring 12,054,100 new KADOKAWA shares for approximately 50 billion yen. Sony will become KADOKAWA's largest shareholder, holding approximately 10% of its shares, including the shares Sony previously [image] William R. Aguilar / @williamraguilar : Addendum 1: Sony Owns 14% of just FromSoftware the game studio itself that's separate from the now 10% of the Parent Company, Kadokawa, that they will own which will result in Sony having the equivalent to something like being the permanent Chairman of the Board of Directors. To [image] @colteastwood : Is 10% share of FromSoftware enough to get Bloodborne 60fps on PS5 Pro? @jawmuncher : Easily the best outcome (Despite what a lot of weirdos were trying to say in my comments). Sony having a majority share means Kadokawa is safe from a hostile takeover and things can basically just run how they already are. Richard Hoeg / @hoeglaw : Said another way, based on what we knew of the LOI, this is best read as Kadokawa fending Sony off. It doesn't mean it's not important. It does mean that the LOI wasn't likely anywhere near what K needed on price. William R. Aguilar / @williamraguilar : BREAKING NEWS: Kadokawa and Sony Agree to Form Strategic Capital and Business Alliance Further strengthening collaboration & their long Standing Partnership to maximize both companies' IP value globally Sony will become the largest shareholder of Kadokawa owning 10% of the [image] @cattheplayed11 : This was the best possible outcome. Kadokawa doesn't have Sony completely absorb it which would lead to Sony having a legit monopoly of IPs and probably laying off thousands of employees. This benefits both companies in a far more healthy way. Gaz / @septic_sauce : The disappointment PlayStation fans are feeling after the failed Kadokawa acquisition is probably similar to what Xbox fans felt when the CMA tried to block the ABK deal. David Gibson / @gibbogame : Sony increasing their stake from 2% to 10% of Kadokawa and will work more strategically together. No takeover @stealth40k : Sony and Kadokawa agreed to form a strategic capital and business alliance. Sony will become Kadokawa's largest shareholder by increasing their stake to 10% Kadokawa will remain independent. [image] @stealth40k : For now, this is the ideal outcome. Sony will for sure have influence at Kadokawa, but Kadokawa is still independent and free to release games on whatever platforms they want. It would honestly be disastrous for Kadokawa not to be able to release games on Switch 2. @serkantoto : So no takeover, which is quite a surprise but not unheard of. Kadokawa stock is down -15.95% in after-market trading in Japan, while Sony is up +1.54%. Genki / @genki_jpn : The 2 companies will discuss how to collaborate more from now on. Sony will help turn Kadokawa IP into live action films and TV shows, co-produce and distribute anime and Sony will help to publish Kadokawa games worldwide! That could mean some FromSoft games published by Sony Richard Hoeg / @hoeglaw : Notably, this IS NOT an acquisition. (Despite what you may have otherwise heard.) Genki / @genki_jpn : Kadokawa and Sony Agree to Form Strategic Capital and Business Alliance! - Sony will increase its share in Kadokawa from 1.9% to about 10% and become Kadokawa's largest shareholder! - Sony will acquire 12,054,100 new Kadokawa shares for approximately 50 billion yen (about $318M [image] Forums: r/boxoffice : Sony to become top shareholder of media powerhouse Kadokawa r/animecirclejerk : Sony becomes top shareholder of media powerhouse Kadokawa r/PHGamers : Sony agrees to buy 10% shares of KADOKAWA / FromSoft parent company, Sony now owns the largest shares of the company, but no acquisition … r/fromsoftware : KADOKAWA and Sony Agree to Form Strategic Capital and Business Alliance r/PS5 : KADOKAWA and Sony Agree to Form Strategic Capital and Business Alliance