United Kingdom, Dec. 19 -- Sony has announced it has formed a "strategic capital and business alliance" with Kadokawa.
The corporation bought a further 12,054,100 shares in Kadokawa - which is the parent company of 'Elden Ring' developer FromSoftware - and so now holds roughly 10 per cent of the business' shares, making Sony Kadokawa's largest shareholder.
While this is not a full acquisition as it was previously suggested in November by Reuters, Sony will be adapting Kadokawa's IPs into live-action movies and TV shows, co-produce anime, and publish the studio's games.
In a statement, Sony President and CFO Hiroki Totoki said: "Through this capital and business alliance, we will become the largest shareholder of Kadokawa, which consist...
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