Tencent, Sony to take stake in “Elden Ring” publisher FromSoftware

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 (9468.T) said on Wednesday.

Following the transaction, which will raise 36.4 billion yen ($262.9 million), units of Tencent Holdings Ltd (0700.HK) and Sony Group Corp (6758.T) will hold 16.25 per cent and 14.09 per cent respectively with publishing giant Kadokawa retaining 69.66 per cent.

The multi-platform fantasy title, which is published by Bandai Namco (7832.T) overseas, is a collaboration between veteran game director Hidetaka Miyazaki and “Game of Thrones” author George R. R. Martin.

($1 = 138.4600 yen)