Tencent increases stake in FromSoftware parent company Kadokawa to 7.97%

Tencent previously owned 6.86% of the Japanese conglomerate.

Last year, Sony Interactive Entertainment acquired 12 million shares of Kadokawa, the company best known in the gaming industry as the parent company of Elden Ring developer FromSoftware. Now, another corporation is upping its investment in Kadokawa as Tencent has increased its stake in the media company to 7.97%.

News of Tencent’s increased stake in Kadokawa was reported by Nikkei. Specifically, Tencent increased its stake by 1.11%, bringing it to a total of 7.97.%. The reason for the increase is described as "as part of a capital business alliance between the submitter and the issuer."

This is Tencent’s latest move as the company looks to increase its position in the video game industry. The company recently released a Campaign for Delta Force and was reportedly in talks regarding a potential Ubisoft buyout last year.

With Tencent increasing its stake in Kadokawa, we’ll be watching closely to see if it has any implications for the company’s wide range of assets, including FromSoftware. Stick with Shacknews to keep up with Tencent’s latest moves.