this post was submitted on 19 Nov 2024
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Exclusive: Sony is in talks to buy media powerhouse behind 'Elden Ring' (www.reuters.com)
submitted 19 hours ago by slimerancher@lemmy.world to c/playstation@lemmy.world
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Some important bits:

Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the “Elden Ring” game, two sources familiar with the matter said, as the technology giant looks to add to its entertainment portfolio.

The talks between the two sides are ongoing and, if successful, a deal could be signed in the coming weeks, the sources said. Kadokawa’s shares closed up 23% at their daily limit. Its market capitalisation was around $2.7 billion prior to the Reuters report. Sony’s shares closed up 0.6%.

Sony declined to comment. Kadokawa said it cannot comment.

Sony already has a 2% stake in Kadokawa and a stake in Kadokawa controlled FromSoftware, the developer of the hit fantasy action role-playing game.

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[–] tamlyn@lemmy.zip 2 points 14 hours ago

I think Ocotopath Traveler comes from them as well. At lot smaller developer in japan make games for Camcom, Bamco, Nintendo, Square Enix and more. Former japan studio has worked with a lot japanese studios as well. I like how it is, how these developer have the opotunity to work with different bigger japanese publisher, making different and creative games. Sony is missing in that section since the closure of japan studio. So please, stay independent.