Joystiq
Joystiq News
Sony has joined forces with Tencent to purchase a of FromSoftware, the developer behind titles like , and . Tencent's Sixjoy Hong Kong division will own 16.25 percent of FromSoftware's shares, Sony will take a 14.09 percent interest and parent Kadokawa Group will remain the largest shareholder with a 69.66 percent stake. Tencent already has an investment in Kadokawa from .
FromSoftware might not be a developer that's on the tip of your tongue, but it has an impressive catalog. Elden Ring has been the top selling game of 2022 to date, with sales of in the first 18 days alone. Along with Bloodborne and the Dark Souls franchise, it has also produced the PSVR mystery adventure and .
The company plans to use the funds raised (36.4 billion yen or $262 million) to strengthen its relationship with Sony, create new IP and expand its ability to publish globally. Elden Ring is the company's biggest hit to date, but it's published outside of Japan by Bandai Namco. Earlier this year, FromSoftware and Bandai Namco the start of a "new franchise" and announced efforts to "expand the brand beyond the game itself and into everyone's daily life."
While Microsoft has grabbed most of the headlines with its (still-pending) , Sony has been snapping up studios as well. It recently a $3.6 billion deal to buy Halo and Destiny developer Bungie Games, along with God of War co-development studio Valkyrie and Jade Raymond's . Considering the success of Elden Ring, its stake in FromSoftware seems like a relative bargain.
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FromSoftware might not be a developer that's on the tip of your tongue, but it has an impressive catalog. Elden Ring has been the top selling game of 2022 to date, with sales of in the first 18 days alone. Along with Bloodborne and the Dark Souls franchise, it has also produced the PSVR mystery adventure and .
The company plans to use the funds raised (36.4 billion yen or $262 million) to strengthen its relationship with Sony, create new IP and expand its ability to publish globally. Elden Ring is the company's biggest hit to date, but it's published outside of Japan by Bandai Namco. Earlier this year, FromSoftware and Bandai Namco the start of a "new franchise" and announced efforts to "expand the brand beyond the game itself and into everyone's daily life."
While Microsoft has grabbed most of the headlines with its (still-pending) , Sony has been snapping up studios as well. It recently a $3.6 billion deal to buy Halo and Destiny developer Bungie Games, along with God of War co-development studio Valkyrie and Jade Raymond's . Considering the success of Elden Ring, its stake in FromSoftware seems like a relative bargain.
Console Bang News!