TOKYO (Reuters) -Units of Tencent and Sony will take minority stakes in FromSoftware Inc, which publishes hit action role-playing title “Elden Ring” in Japan, via a third-party allotment of new shares, parent Kadokawa Corp said on Wednesday.
Following the transaction, which will raise 36.4 billion yen ($262.9 million), units of Tencent Holdings Ltd and Sony Group Corp will hold 16.25% and 14.09% respectively with publishing giant Kadokawa retaining 69.66%.
The multi-platform fantasy title, which is published by Bandai Namco overseas, is a collaboration between veteran game director Hidetaka Miyazaki and “Game of Thrones” author George R. R. Martin.
($1 = 138.4600 yen)
(Reporting by Sam Nussey; Editing by Chang-Ran Kim)
