From Software owner Kadokawa has purchased Japanese development studio Acquire for an undisclosed sum.
It was founded in 1994 and employs 148 people, according to its website.
“To strengthen the ability to create IP in games as part of our game business strategy, we have made Acquire Corp. into a wholly owned subsidiary,” Kadokawa said in a quarterly earnings report published on Thursday.
“By acquiring the company, which has produced million-seller hit titles, we expect to generate synergies with our existing game-related subsidiaries, strengthen our planning and development capabilities groupwide, and enhance our line-up of console games.”
Elsewhere in its earnings report, Kadokawa provided a brief update on From Software’s upcoming Elden Ring expansion, Shadow of the Erdtree.
“We are currently working hard on the development of DLC for Elden Ring but we have not announced a release date at this time,” it said.
Elden Ring has sold over 20 million copies since its release on February 25, 2022.
It was reported this week that Chinese gaming giant Tencent is developing a mobile version of Elden Ring.