FromSoftware parent company confirms Sony’s acquisition interest

Reports that Sony was successful talks to get Kadokawa, the Japanese media conglomerate that owns Elden Ring developer FromSoftware, person been confirmed. Kadokawa has released a abbreviated connection acknowledging Sony’s intention but stating that nary determination had been made.

There are immoderate articles connected the acquisition of Kadokawa Corporation (hereinafter “the Company”) by Sony Group Inc. However, this accusation is not announced by the Company. The Company has received an archetypal missive of intent to get the Company’s shares, but nary determination has been made astatine this time. If determination are immoderate facts that should beryllium announced successful the future, we volition marque an announcement successful a timely and due manner.

Sony’s caller acquisitions person been a sore constituent for the console maker. After acquiring Destiny 2 developer Bungie successful 2022, the institution underwent two rounds of layoffs cutting astir 300 employees, shuffled different 155 employees to different divisions wrong PlayStation, and cancelled a fig of in-development projects. Then successful 2023, Sony acquired Firewalk Studios to make an “original AAA multiplayer game” for the PS5. That crippled turned retired to beryllium Concord, whose exceedingly mediocre reception led to the crippled being permanently unopen down weeks aft its launch with Firewalk wholly shuttered hardly a twelvemonth aft Sony’s acquisition.