As Sony's reported plans to acquire Dark Souls and Elden Ring developer's parent company get flagged as "unclear information" by Tokyo Stock Exchange, Kadokawa confirms "no decision has been made"
Nov. 20, 2024But it “has received an initial letter of intent” to acquire its shares
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As reports ofSonyapparently being in talks to buy outFromSoftwareowner Kadokawa surface online, the Tokyo Stock Exchange hasissued an alertthat “unclear information regarding acquisition has arisen.”
It was just yesterday thatReutersreported thatSony is apparently in talks to acquire Kadokawa Corporation– a huge media conglomerate that owns the likes of Dark Souls andElden Ringdeveloper FromSoftware, as well as Danganronpa and Pokemon Mystery Dungeon developer Spike Chunsoft. Now, asspotted by Automaton, the TSE explains that it issues alerts “about securities or its issuers if it deems necessary to inform investors,” noting that in the cases of “unclear information (i.e., a leak or rumor),” an alert can be put out if the rumor is “deemed likely to have material impact on investment decisions.”
It seems like that could already be happening with Kadokawa, as shares have surged since the publication of the initial report, having closed 16% higher today,according to Reuters. Perhaps this is why the alert is being issued now, and it seems even more relevant after anew statement from Kadokawa, which confirms that, while it has “received an initial letter of intent to acquire the Company’s shares,” ultimately, nothing has been nailed down just yet.
“There are some articles on the acquisition of Kadokawa Corporation (hereinafter ‘the Company’) by Sony Group Inc,” it begins. “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.”
For now, we’ll just have to wait and see, but there’s no doubt that Sony taking ownership of Kadokawa would behuge. If it does, we can only hope that there’s a greater chance of the Bloodborne PS5 remaster everyone wants finally happening.
Former Blizzard boss says “the only thing bigger” than Sony buying FromSoftware would be if it bought Valve or Nintendo.
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I’m one of GamesRadar+’s news writers, who works alongside the rest of the news team to deliver cool gaming stories that we love. After spending more hours than I can count filling The University of Sheffield’s student newspaper with Pokemon and indie game content, and picking up a degree in Journalism Studies, I started my career at GAMINGbible where I worked as a journalist for over a year and a half. I then became TechRadar Gaming’s news writer, where I sourced stories and wrote about all sorts of intriguing topics. In my spare time, you’re sure to find me on my Nintendo Switch or PS5 playing through story-driven RPGs like Xenoblade Chronicles and Persona 5 Royal, nuzlocking old Pokemon games, or going for a Victory Royale in Fortnite.
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