Kadokawa Corp has responded to yesterday's reports of interest from Sony regarding a potential takeover by confirming it has received an "initial letter of intent" from the company. In a newly issued statement, Kadokawa added "no decision" has been made as to whether it'll go through with the acquisition or not.
It reads in full: "There are some articles on the acquisition of Kadokawa Corporation (hereinafter 'the Company') by Sony Group Inc. However, this information is not announced by the Company. The Company has received an initial letter of intent to acquire the Company's shares, but no decision has been made at this time. If there are any facts that should be announced in the future, we will make an announcement in a timely and appropriate manner."
From a video game perspective, the most prominent outcome from such a deal would see Elden Ring, Dark Souls team FromSoftware fall under the leadership of Sony. Kadokawa also has Danganronpa developer Spike Chunsoft under its wing. However, another very important factor is the ties Kadokawa has to the manga and anime industry, which Sony already has a large role in through the ownership of Crunchyroll.