Sony Buys Bigger Stake in Elden Ring Developer's Parent Company

Last month, Sony appeared interested in acquiring Kadokawa, the parent company of Elden Ring developer FromSoftware. The companies have settled for the PlayStation-maker to become the largest stakeholder instead. 

According to a press release Friday, Kadokawa, and Sony signed an agreement for Sony to invest 50 billion yen in the company, approximately $317 million. This means Sony is the company's largest single shareholder, with a 10% stake. 

The statement says the two companies will discuss future collaborations, including live-action movies, TV and anime shows based on the Kadokawa properties and expanding publishing of the company's games. Sony reportedly was only interested in acquiring FromSoftware assets, but Kadokawa would only sell the entire company, worth more than $4 billion, according to a report from IGN Friday. 

Sony and FromSoftware have had a unique relationship for quite some time, since the first PlayStation console. At that time, the ...