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Kadokawa Confirms Letter of Intent From Sony for Acquisition, “No Decision Made at This Time”

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    The industry has been abuzz lately with reports of Sony in talks to acquire Kadokawa Corporation, the parent company of Elden Ring developer FromSoftware.

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    Kadokawa CEO Takeshi Natsuno has since issued a statement confirming an “initial letter of intent” from Sony to acquire its shares.

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    Time will tell how things shake out, but Sony does have some stake in Kadokawa.

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