Tencent acquires minority stake in the parent company of Dark Souls makers PLAY3.DE – PS5 News, PS4, PSVR – Tests, Previews, Videos
As the Chinese publishing giant Tencent announced, the company was able to secure another minority stake. This time, shares in Kadokawa, the parent company of the “Dark Souls” makers of From Software, were acquired.
In the past few months, the publishing giant Tencent, based in Shenzhen, China, has continued to operate and has secured minority stakes in Western studios at regular intervals. In addition, various western companies were taken over.
For example, investments were made in the “Life is Strange” makers of Dontnod entertainment, the Czech publisher and developer Bohemia Interactive, the Layers of Fear makers of Bloober team or the Berliner Development studio Yager. Then there were the takeovers of Stunlock Studios as well as the British publisher Sumo Digital. As Tencent announced, the group has now also secured a minority stake in Kadokawa, the parent company of the “Dark Souls” makers of From Software.
Investments should flow into the development of games
According to the official announcement, Tencent is acquiring 6.86 percent of the shares in Kadokawa and the whole thing will cost the equivalent of about 264 million US dollars. Officially, there is talk of a strategic partnership between the two companies, which is to be further expanded through investments by Tencent. Kadokawa said the new funding will go towards developing upcoming games.
On the subject: Crytek: Tencent’s takeover of the Crysis developer under discussion
“As a result of the discussions with Tencent Group, the company entered into a capital and business alliance agreement with the group, believing that establishing a capital alliance between the two companies and strengthening the joint efforts of both companies in the fields Animation and Games, would further strengthen and accelerate the company’s global media mix strategy for its intellectual property in global markets, including China, ”added Kadokawa.
Source: PlayStation Lifestyle
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