Sony announces strategic alliance with Kadokawa
, by Quentin
Sony has announced a strategic alliance with Kadokawa. The company has acquired a 10% stakein it, which makes Sony Kadokawa's largest shareholder.
The deal represents an investment of around $320 million for Sony. However, in a press release, PlayStation clarified that it has no intention of acquiring further shares as a result of this transaction. This seems to mean that Sony has given up, at least for the time being, on a complete takeover of Kadokawa.
Source: sony.com