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.

Sony is currently in talks to buy FromSoftware parent company Kadokawa Corporation in its entirety, a new report has claimed.

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.