Kadokawa received a letter from Sony with a purchase offer, but a final decision has not yet been made. This is stated in a press release on the website of Kadokawa, owner of the FromSoftware studio (developer of the Dark Souls and Elden Ring video games).
Author:
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“There have been several articles about Sony buying Kadokawa, but we haven’t announced it yet. We have received a letter of intent from Sony to acquire Kadokawa shares, but no decision has been made at this time. “If there are any facts that need to be announced in the future, we will publish them in a timely manner,” he said.
The day before, November 19, Reuters sources reported that Sony had entered into negotiations to buy Kadokawa. According to agency interlocutors, if agreements are reached, the parties will sign an agreement in the coming weeks. Sony’s market value is about $114 billion, Kadokawa’s is about $2.7 billion.
Kadokawa was founded in 1945 and now includes several companies: FromSoftware, Acquire, Gotcha Gotcha Games, and Spike Chunsoft. In recent years, the conglomerate has faced problems, Reuters wrote.
Thus, in June, Kadokawa suffered a cyberattack that caused a data breach and affected the company’s business, and two years ago, the son of the conglomerate’s founder, Tsuguhiko Kadokawa, resigned as president after being accused of bribery related to the Tokyo Stock Exchange. Olympics.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
