Media: Tencent increases its stake in the parent company of the creators of Elden Ring
The Chinese giant Tencent has acquired an additional 1.11% of shares in the Japanese media conglomerate Kadokawa, which owns the studio FromSoftware. This is reported by the Nikkei newspaper, citing Tencent's financial statements.
Elden Ring Nightreign
Tencent now owns 7.97% of Kadokawa. This is slightly less than what Sony controls, the largest shareholder of the media conglomerate. It should be recalled that Sony recently increased its stake in Kadokawa to 10%.
It is reported that Tencent acquired the shares as part of a "financial and business agreement" between the parties. No other details of the deal are mentioned in the report.
Additionally, it's worth noting that aside from the stake in Kadokawa itself, the Chinese giant also owns a stake in its subsidiary studio, FromSoftware. In 2022, Tencent purchased 16.25% of the shares of the creators of Elden Ring, becoming the largest external shareholder of the studio.