Chinese tech conglomerate Tencent has increased its stake in FromSoftware’s parent company Kadokawa, edging closer to Sony’s shares in the company. As reported by GamesIndustry today, Japanese publication Nikkei revealed that Tencent has increased its stake in the company by 1.11%, bringing it to 7.97%. The Chinese conglomerate confirmed the company had increased its share in FromSoftware’s parent company as part of a “capital business alliance” between the two parties. Despite increasing its share ratio, Tencent still isn’t the largest shareholder in Kadokawa. Back in December, Sony and Kadokawa confirmed that the two companies had entered a strategic capital and […]
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