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#Tencent Increases Stake in FromSoftware Parent, Closing the Gap on Sony

Tencent Increases Stake in FromSoftware Parent, Closing the Gap on Sony

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Chinese holding company Tencent, the biggest firm in the video game industry in terms of investment and revenue, has increased its stake in Kadokawa, the Japanese parent company of our beloved Soulslike maker, FromSoftware. Purchasing an additional 1.1% of Kadokawa’s total shares, it now holds a 7.97% stake.

Reported by Nikkei (thanks, GamesIndustry.biz), Tencent says that the move forms “part of a capital business alliance between the submitter and the issuer”. At just under two points less than Sony’s investment in Kadokawa, which the PlayStation platform holder has expressed interest in acquiring outright, Tencent is among the firm’s largest shareholders. Sony holds a 10% stake in Kadokawa, and a further 14% of FromSoftware itself.

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