One of the biggest stories in games right now is Sony's potential acquisition of Kadokawa Corporation. In a new report from Bloomberg, it's claimed that the two companies have been in talks about a buyout for years.
According to the report, the pair has been back and forth on a deal for a long time, with the main issue relating to the extent of Sony's purchase. Kadokawa apparently wants Sony to purchase the entire company or not at all, while the tech giant has attempted to be more selective, only looking to secure its business in anime and video games.
Now, though, it seems the corporations are closer than ever on getting a deal done. Kadokawa recently confirmed it had received a letter of intent from Sony to acquire the business.
Kadokawa Corp is a huge force in Japanese entertainment, publishing a significant amount in the realms of comics, books, anime, and games. Notably, it's the parent company of FromSoftware, known for its highly acclaimed action RPGs like Dark Souls and Elden Ring.