Reports that Sony was in talks to acquire Kadokawa, the Japanese media conglomerate that owns Elden Ring developer FromSoftware, have been confirmed. Kadokawa has released a short statement acknowledging Sony’s intention but stating that no decision had been made.

Kadokawa Corp has responded to yesterday's reports of interest from Sony regarding a potential takeover by confirming it has received an "initial letter of intent" from the company. In a newly issued statement, Kadokawa added "no decision" has been made as to whether it'll go through with the acquisition or not.

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.