Sony has been in talks to acquire Kadokawa, the massive anime and manga publisher that just so happens to own FromSoftware as well, for weeks now, but the negotiations haven't ended in a total buyout as many expected it to. Sony is instead set to become the media conglomerate's largest shareholder.
Rather than an acquisition, the two companies today "signed a strategic capital and business alliance agreement" that will make Sony its "largest shareholder, holding approximately 10% of its shares, including the shares Sony previously acquired in February 2021," on January 7, 2025, according to a press release.
