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,

In the press release by Sony, it mentions that the electronics giant has acquired 16 million Bandai Namco shares held by shareholders for approximately 68 billion yen, which amounts to over $463 million in US currency at today's exchange rate. This buy-in equates to Sony owning 2.5% of the total shares of Bandai Namco Entertainment.