Tencent and Sony buy 30% of FromSoftware for $259.5 million

Sony and Tencent have purchased 30% of FromSoftware stock for $259.5 million, and FromSoftware will use this funding to self-publish its own new games.

Tencent and Sony buy 30% of FromSoftware for $259.5 million
Published Sep 4, 2022 5:34 PM CDT   |   Updated Tue, Sep 27 2022 10:25 PM CDT
1 minute & 17 seconds read time

Sony and Tencent have made strategic investments in one of the most lauded Japanese video game developers on the planet.

Tencent and Sony buy 30% of FromSoftware for 9.5 million 2 | TweakTown.com

FromSoftware is one of the most unique studios in gaming. The team, led by Hideaki Miyazaki, is renowned and infamous for the punishing Dark Souls and Bloodborne games--a series that's been so transformational that it has created its own "Soulsborne" genre. FromSoftware just released their most popular game ever with Elden Ring, which has amassed 16.6 million sales, and the team is now gearing up for big new projects like a new Armored Core title.

The studio has larger ambitions, though, and it needs more funding to reach them. That's why FromSoftware owner Kadokawa Group has allowed FromSoft to directly sell its shares in exchange for funding. Sony and Tencent have bought a combined stake of 30% (Sony bought 1,476 shares for $120.47 million equating to 14.09% of total shares, and Tencent bought 1,703 shares for $138.97 million equating to 16.25% of total shares).

In a press release, Kadowkawa says that FromSoft will use the funding to self-publish its games and to help bolster dev of new projects.

"For strengthening FromSoftware's capabilities to create and develop game IP, and for establishing a framework that allows expansion of the scope of FromSoftware's own publishing in the global market."

Sony Interactive Entertainment has had a long-lasting relationship with FromSoftware, and published the PlayStation 4 exclusive Bloodborne in 2015. It appears FromSoftware wants to cut ties with external publishers so it can keep all the revenues generated from game sales; Bandai Namco, the publisher for Elden Ring, has enjoyed strong digital game sales growth from the success of FromSoftware's latest RPG hit.

Buy at Amazon

Elden Ring - PlayStation 4

TodayYesterday7 days ago30 days ago
$49.94$49.94$49.94
* Prices last scanned on 9/30/2022 at 12:14 pm CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:ssl4.eir-parts.net

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

Newsletter Subscription

    Related Tags

    Newsletter Subscription
    Latest News
    View More News
    Latest Reviews
    View More Reviews
    Latest Articles
    View More Articles
    Partner Content
    Advertise With Us