Tencent, a leading figure in the tech and entertainment world, has decided to expand its stake in Kadokawa, a well-known Japanese media company. According to a report from Nikkei, Tencent has purchased an additional 1.11 percent of Kadokawa’s shares, raising its total ownership to 7.97 percent. This investment is described by Tencent as part of a broader “capital and business alliance” strategy, executed through its subsidiary, SixJoy Hong Kong Limited.
Meanwhile, Sony has also been increasing its investment in Kadokawa, amid swirling rumors of potential acquisition interest. Ultimately, Sony boosted its shareholding to 10 percent, elevating it to the position of Kadokawa’s largest single shareholder.
Kadokawa’s CEO, Takeshi Natsuno, expressed enthusiasm about the deal with Sony, stating, “We are thrilled to finalize this capital and business alliance with Sony. This partnership is set to enhance our ability to create new intellectual properties and also gives us more avenues to leverage Sony’s support for global expansion. This collaboration will help us reach more users worldwide, significantly enhancing the value of our IP and increasing our corporate worth over the medium to long term. We are fully committed to making sure our joint efforts with Sony yield outstanding results in the international market.”
