From software, to publishing, the two companies are pushing forward.
Sony and Kadokawa have finally agreed on the terms of their acquisition.
Sony Group shared this press release on their website:
“KADOKAWA CORPORATION (“KADOKAWA”) and Sony Group Corporation (“Sony”) today signed a strategic capital and business alliance agreement, agreeing to conduct a third-party allotment by KADOKAWA to Sony on January 7, 2025, with Sony acquiring 12,054,100 new KADOKAWA shares for approximately 50 billion yen. With the acquisition of the new shares, Sony will become KADOKAWA’s largest shareholder, holding approximately 10% of its shares, including the shares Sony previously acquired in February 2021.”
As it turns out, Sony is not going to attempt a full takeover of their fellow Japanese conglomerate. With 10 % of Kadokawa’s shares, Sony is the biggest shareholder in the company, but this arrangement will not lead to potential industry regulation, or business consolidation, or the other consequences we usually see from such big money mergers. …