Sony Interactive Entertainment, a multinational video game and digital entertainment company, and Tencent-backed Sixjoy Hong Kong, a game developer and publisher, agreed to acquire a 30.34% stake in FromSoftware, a Japanese video game development and publishing company, from Kadowaka, a Japanese media conglomerate. Financial terms were not disclosed. "Through the implementation of the fund procurement, FromSoftware will aim to proactively invest in development of more powerful game IP for itself to strengthen FromSoftware's development capabilities and will seek to establish a framework that allows the expansion of the scope of its own publishing in the significantly growing global market," Kadowaka. Sixjoy will acquire 16.25% of shares in FromSoftware, while Sony will acquire a 14.09% stake.