Thursday, September 01, 2022
Acquisitions continue apace, what with Chinese company NetEase Games acquiring Quantic Dream, and, on the same day, Tencent and Sony Interactive Entertainment acquired a shared 30 percent of Elden Ring and Dark Souls developer From Software.
Kadokawa Corporation, the parent company of From Software, posted the news in a press release (from Gematsu via Game Informer), in which it reveals that through third-party allotment, Tencent Holding subsidiary Sixjoy Hong Kog, has purchased 16.25% of From Software shares, while Sony Interactive has bought 14.09%. Kadokawa remains the majority shareholder in From Software, still owning 69.66% of shares in the studio.
“Through the implementation of the fund procurement, From Software will aim to proactively invest in development of more powerful game IP for itself to strengthen From Software’s development capabilities and will seek to establish a framework that allows the expansion of the scope of its own publishing in the significantly growing global market,” the press release states.
“In addition to these purposes, for an increase of the number of users in the global market for game IP that From Software creates and develops, From Software decided to conduct the Third-Party Allotment to Sixjoy within the Tencent Group, which has strength in its capabilities to develop and deploy mobile games and other network technologies in the global market including China, and SIE within the Sony Group, which has strength in its capabilities to deploy IP in games, videos, and various other media in the global market, concurrently and separately.”