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.

If it comes to fruition, Sony's rumored acquisition of FromSoftware's parent company could have major implications for the gaming industry.

FromSoftware parent company Kadokawa Corporation has officially confirmed reports of an acquisition offer from Sony Group. Reuters broke the news of a potential deal yesterday, following which both Kadokawa’s and Sony’s stocks went up.