Sony already owns a 2% stake in the company.

Kadokawa’s portfolio doesn’t just include gaming, though.

In 2021,Sony acquired anime streaming service Crunchyroll for over $1 billion.

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The action-RPG was alsoGameSpot’s Game of the Year for 2022.

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In June,Shadow of the Erdtreelaunched to critical and commercial praise.

The Elden Ring expansion is nominated for multipleThe Game Awards 2024 categories, including Game of the Year.

Meanwhile, last month,Sony shuttered Concord developer Firewalk Studiosafter the shooter’s failed launch.

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Earlier this year, Sony alsocut roughly 900 gaming jobs and canceled PlayStation projects.

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