The year of acquisitions and shareholding antics continues.
Just today, Chinese developer-publisher NetEase Announces It’s Acquiring Detroit: Quantic Dream Become Human DevAnd now, Sony Interactive Entertainment and Tencent have increased their stake in From Software, the prolific developer behind The Dark Souls Series And this year’s mega-hit, elden ring,
this news comes gematsuwho posted Press release From Kadokawa Corporation, the parent company behind the software. It says that through a third-party allotment, Tencent Holdings subsidiary Sixjoy Hong Kong has bought 16.25% of Software’s shares, while SIE has acquired 14.09%. Despite this, Kadokawa Corporation is still From Software’s largest shareholder, holding 69.66% of the shares.
“Through the implementation of the fund purchase, the company will actively invest in the development of more powerful game IPs for itself in order to strengthen the development capabilities of Software to Software and seek to establish a framework that supports its own publications.” Allows the expansion of the scope of the significantly growing global market, ”a press release read. and evolves, software is decided to conduct a third-party allocation to Sixjoy within the Tencent Group, which strengthens its capabilities to develop and deploy mobile games and other network technologies in global markets, including China, and SIE within the Sony Group, which has the capability to deploy IP in games, video and various other media across the global market. and separately.”
Sony is busy with acquisitions this year. Turns out it was buying BungieThe developer behind the Destiny series, announced earlier this year for $3.6 billion and then later It was acquiring Jed Raymond’s new studio, Heaven Studios., And just this week, Sony acquires Savage Game Studios to strengthen its PlayStation Studio mobile division, elsewhere in the industry, NetEase announces it is acquiring Quantic Dream today. Earlier this year, Take-Two Interactive, the parent company behind the Grand Theft Auto series, announced It was acquiring mobile giant Zynga for about $13 billion, It was the biggest video game acquisition in history for nearly a week when Microsoft announces it is acquiring Activision Blizzard for $68.7 billion,