Sony acquires 2.5% stake in Bandai Namco for $464 million as entertainment giants partner to expand anime and manga IP globally in booming market.

Sony and Bandai Namco announced a strategic partnership that makes the console maker a 2.5% shareholder in FromSoftware's publisher.

Sony just made a major move in the entertainment world, acquiring 16 million shares of Elden Ring publisher Bandai Namco for about 68 billion yen, which comes out to roughly $464 million. This is the start of a new strategic partnership aimed at creating bigger,