Sony Group has confirmed it is now the largest single shareholder in Kadokawa, in an investment deal worth around 50 billion yen ($320 million). The agreement will increase Sony’s holding in the Japanese media conglomerate to 10%, with both entities signing a “strategic capital and business alliance” to pursue further collaboration for mutual benefit. The deal with the parent company of FromSoftware puts a full takeover on hold, which it was reportedly open to.
Comment on Sony strikes deal to become largest shareholder in Kadokawa
Graeme Hanna, ReadWriteWeb
Thu, 12/19/2024 - 10:00am
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