General Gaming Sixjoy (Tencent operating unit) and Sony acquire combined 30% of FromSoftware parent company, additional capital to be used for global self-publishing

[Commissar SFLUFAN]

FromSoft looks set to publish its own games after share deal with Sony and Tencent | PC Gamer

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Current owner Kadokawa Corporation retains the controlling stake in FromSoft even after the sale.

 

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FromSoftware parent company Kadokawa Corporation has announced(opens in new tab) that it's issuing 3179 new FromSoft shares to Sixjoy Hong Kong and Sony Interactive Entertainment. Sixjoy is a subsidiary brand of Tencent, whom you'll know from having a slice of seemingly every pie(opens in new tab) known to humankind, and Sony Interactive Entertainment is, well, Sony.

 

Once the shares are issued, Sixjoy will own 16.25% of FromSoft and Sony 14.09%. Kadokawa Corporation will remain the controller and majority owner of the company by a wide margin: it owns the full 69.66% of remaining shares.

 

A slight increase in share amount for two companies—even if they are Tencent and Sony—that confers no extra power or rights may not seem enormously interesting, but it's not necessarily the shares that are important here. Kadokawa and FromSoft are acquiring 36,399,550,000 yen (that's £225,677,210 or $262,268,221) off the back of this deal, which they intend to put to good use. In the release announcing the share allotment, Kadokawa says that the reason for the share sale is to use the funds for "the expansion of the scope of [FromSoft's] own publishing in the significantly growing global market".

 

In other words, the share allotment is all in service of gathering the funds FromSoft needs to start self-publishing its games across the world. FromSoft already publishes its own titles in Japan, but seeks out partners to help it publish in overseas territories. Kadokawa clearly thinks FromSoft has outgrown that kind of arrangement, pointing specifically to the success of games like Sekiro and Elden Ring as reasons that FromSoft is ready to branch out and start self-publishing in countries other than Japan.

 

 

[skillzdadirecta]

So From games are gonna be Sony Exclusives now?

[Mr.Vic20]

In 10 years it will only be Tencent and Embracer+