Kadokawa has stated it has received Sony’s letter of interest, but has made no decision regarding the acquisition of the company.

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.

Sony is moving to acquire a majority stake in the parent company of esteemed video game developer FromSoftware, the creators of Dark Souls and Elden Ring.