Kadokawa acknowledges tech giant Sony’s intent in acquiring more shares in their company with an official statement, but talks are still underway. Read on to learn more about the ongoing talks between these two company giants.
Kadokawa Acknowledges Sony’s Interest
“No Decision Has Been Made”
Japanese conglomerate Kadokawa Corporation has put out an official statement confirming that they have received "a letter of intent to acquire the Company’s (Kadokawa Corporation) shares" from Sony, but noted that no decision has been made as of yet. Should any facts and news be announced in the coming future, they will be sure to make an announcement "in a timely and appropriate manner."
This official announcement follows yesterday’s report by Reuters that Sony is striving to acquire the Japanese media powerhouse that is Kadokawa, whose offerings range from anime and manga to the video game industry. Acquisition of Kadokawa by Sony will bring Elden Ring studio FromSoftware under their wing, alongside other notable studios such as Spike Chunsoft (Dragon Quest), and Acquire (Mario & Luigi: Brothership). With the tech giant backing them up, FromSoftware’s other PlayStation exclusive titles like Dark Souls and Bloodborne might just get a revival.
If a deal is made, Sony may also have a hand in the publishing and distribution of anime and manga in the West, with Kadokawa primarily known for being a large-scale distributor of various media. However, response to the news has been lukewarm at most by netizens on social media. For more information, check out Game8’s previous article on the Sony-Kadokawa acquisition talks.
Source:
Kadokawa Corporation Official Statement
