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 Corporation has confirmed it has received a buyout offer from Sony, but insists it has yet to make a decision on whether to sell up.

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.