Kadokawa Confirms Letter of Intent From Sony for Acquisition, “No Decision Made at This Time”

As a seasoned gamer with decades of gaming under my belt, I can’t help but feel a mix of anticipation and nostalgia at the potential acquisition of Kadokawa Corporation by Sony. If this deal goes through, it would be a significant move that could shape the future of some of my all-time favorite games, including the enigmatic Elden Ring from FromSoftware.

Recently, there’s been a lot of chatter in the industry about potential discussions between Sony and Kadokawa Corporation, the company that owns FromSoftware, the developers of Elden Ring. Takeshi Natsuno, CEO of Kadokawa, has indeed released a statement acknowledging an “initial proposal” from Sony for purchasing their shares.

Yet, he made it clear that no final decision has been made as of now. Any new information about this matter will be disclosed when it’s ready and appropriate to do so. After Reuters’ first report, Japanese financial newspaper Nikkei stated that the discussions between the parties are still in their preliminary stages.

In essence, while neither confirming nor denying plans to fully acquire Kadokawa, Sony has already invested significantly in the company through strategic partnerships. Most notably, they own a 1.93% stake from their alliance in February 2021 and an additional 14.09% of newly issued shares for FromSoftware in August 2022. Previous reports suggest that Sony has been considering Kadokawa as a potential merger or acquisition target since as early as April 2022, although nothing official has been said on the matter. Keep an eye out for further developments and updates in the near future.

2024-11-21 17:11

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