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Exclusive: Sony is in talks to buy media powerhouse behind 'Elden Ring' (www.reuters.com)
submitted 16 hours ago by slimerancher@lemmy.world to c/playstation@lemmy.world
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Some important bits:

Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the “Elden Ring” game, two sources familiar with the matter said, as the technology giant looks to add to its entertainment portfolio.

The talks between the two sides are ongoing and, if successful, a deal could be signed in the coming weeks, the sources said. Kadokawa’s shares closed up 23% at their daily limit. Its market capitalisation was around $2.7 billion prior to the Reuters report. Sony’s shares closed up 0.6%.

Sony declined to comment. Kadokawa said it cannot comment.

Sony already has a 2% stake in Kadokawa and a stake in Kadokawa controlled FromSoftware, the developer of the hit fantasy action role-playing game.

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[-] vaper@lemmy.world 6 points 12 hours ago

I hope this doesn't happen. From Soft games are too prominent on Xbox and Switch; I would feel bad for those fans. I don't mind them having a second party relationship every now and then like Demons Souls and Bloodborne, but to outright own them seems unnecessary.

this post was submitted on 19 Nov 2024
21 points (95.7% liked)

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