Kadokawa Corporation confirmed that while discussions regarding acquisition by Sony Group Inc. are underway, a decision has not yet been finalized. The initial letter of intent has been received.
Kadokawa owns not just FromSoftware but also Danganronpa developer Spike Chunsoft and Octopath Traveller studio Acquire, making it a powerhouse in both gaming and media.
In recent acquisitions, Sony faced backlash after the failure of Concord, which led to layoffs and project cancellations, raising concerns about the company's strategy in the gaming sector.
Sony currently holds a stake of 2 percent in Kadokawa and 14 percent of FromSoftware, indicating a keen interest in expanding its influence and portfolio in the gaming industry.
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