Sony has entered into a "strategic business alliance" with Bandai Namco, acquiring about 2.5 percent of the Japanese media conglomerate.

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,

Earlier this year, Sony increased its ownership stake in Kadokawa, the parent company of FromSoftware. It seems Sony isn't done dipping its toes in other company pools, as this time around, it's Bandai Namco Entertainment.