Sony expressed its intent to acquire Kadokawa just over a month ago, a Japanese media powerhouse that also owns video game developers FromSoftware and Spike Chusoft. Sony and Kadokawa have now entered a “strategic partnership” that will see the former acquire a majority stake in Kadokawa’s shares, roughly equivalent to 10% of the latter’s total shares.
The companies confirmed the deal this week, which comes into effect from January 7, 2025. The deal won’t have any “material impact” on Sony’s consolidated financial reports for Q4 2024, ending on March 31, 2025. Sony is purchasing a total of 12,054,100 new shares of Kadokawa Corporation for 50 billion yen, or almost $320 million USD.
The deal will see Sony and Kadokawa work together to primarily adapt IP owned by …