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Elden Ring developer FromSoftware's owner Kadokawa confirms takeover interest from Sony, but says "no decision has been made at this time" | The corporation is seemingly still weighing up whether it wants to become the latest big corporate thing to be acquired by another big corporate thing.

Kadokawa Corporation, Elden Ring developer FromSoftware's majority owner, has acknowledged takeover interest from Sony, but says no decision's been made.

Kadokawa Corporation, the current majority owner of Elden Ring, Bloodborne, and Dark Souls developer FromSoftware, has confirmed that it's recieved an "an initial letter of intent to acquire the Company's shares" from Sony. This follows a report from Reuters yesterday, which cited talks between Sony and Kadokawa as being "ongoing", with a deal potentially being sealed "in the coming weeks" if this business chatter is successful. The update from Kadokawa comes via a statement from CEO Takeshi Natsuno, put out as shares in the company have seen their value shoot up following the news, no doubt as shareholders salivate at the idea of possible corporate consolidation, something you're programmed to love at finance vulture school.

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