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,

Sony Corp. has taken a small stake in Tekken and Pac-Man games giant Bandai Namco, as part of a strategic business alliance. Japan-based Sony paid 68 billion yen ($464M) for a 2.5% stake in its compatriot company, which is also the owner of the Soulcalibur, Elden Ring and Dark Rings franchises.