Sony buys a 10% stake in Kadokawa for $320M, expanding its games and anime portfolio.

Sony has purchased a 10% stake in Kadokawa, the Japanese media company known for anime and manga, including the game developer FromSoftware, creator of "Elden Ring." The $320 million deal makes Sony Kadokawa's largest shareholder and aims to expand Sony's portfolio in games and cartoons. The partnership seeks to maximize the value of Kadokawa's intellectual property globally through joint ventures and collaborations.

3 months ago
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