Tencent and Sony purchase shares in From Software

From Software, developer of Elden Ring and Dark Souls, is the latest company to join the acquisition parade — sort of. Its parent company, the Kadokawa Corporation, decided to issue shares of its stock to Tencent Holdings and Sony Interactive Entertainment.

It’s not a full-on acquisition, as was the case with Activision Blizzard. Instead, the two companies will own a combined 30% of From Software’s stock — Tencent subsidiary Sixjoy Hong Kong will own 16% and Sony will own 14%. Tencent will be the second-largest shareholder after this happens. The Kadokawa Corporation will retain the rest of the shares — 69% — and the top shareholder position.