Kadokawa, the company that owns Elden Ring developer FromSoftware and a slew of other studios across pop culture, has responded to a firm outside Japan quickly becoming a large stakeholder. In short, the Japanese conglomerate is undaunted by the prospect, but the potential changes remain to be seen.
As of March 30, Oasis Management, a hedge fund management firm based in Hong Kong, Tokyo and the US, has acquired a 13.76% stake in Kadokawa. This is the result of some aggressive increases throughout the month, now making it the company's biggest shareholder, overtaking previous leader, Sony.
