Following reports that Sony Interactive Entertainment is looking to acquire Kadokawa Corporation, the media conglomerate has now issued a statement revealing that while the PlayStation manufacturer is interested in buying Kadokawa, no decision has been made yet.
The company issued the following statement on the reports overnight, which you can read below.
There are some articles on the acquisition of Kadokawa Corporation (hereinafter “the Company”) by Sony Group Inc. However, this information is not announced by the Company. The Company has received an initial letter of intent to acquire the Company’s shares, but no decision has been made at this time. If there are any facts that should be announced in the future, we will make an announcement in a timely and appropriate manner.
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Kadokawa Corporation is the parent company of Elden Ring developer FromSoftware, but they are also involved with film and cross media. Among its game development subsidiaries include Acquire, Gotcha Gotcha Games, and Spike Chunsoft.
[Source – Gematsu]