Gaming IndustryFromSoftware’s parent company confirms that Sony is looking to buy it outWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
Gaming IndustryFromSoftware’s parent company confirms that Sony is looking to buy it outWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
(Image credit: ApolloHoo / FromSoftware)
FromSoftwareparent Kadokawa Corporation has confirmed that Sony has in fact expressed formal interest in acquiring the company.
Kadokawa added that “no decision has been made at this time,” but given how these things generally work, the receipt of a letter of intent indicates that the process is fairly far along: The initial chit-chat and wheeling-dealing is over, and everyone is more or less prepared to move forward. A regulatory body could halt the acquisition (although given how that worked out withMicrosoft and Activision-Blizzard, I can’t say my confidence in the ability of government agencies to keep big companies in line is at an all-time high) but aside from that, it’s very likely that this deal will be done.
Snapping up Kadokawa would be a big get for Sony. FromSoft is obviously a crown jewel, but Kadokawa has its fingers in many pies, particularly anime and manga development and publication; it also owns, through its Dwango subsidiary, Danganronpa studio Spike Chunsoft. In its latestearnings report, Kadokawa reported significantly more income from its “publication/IP creation” operations (books, manga, and so on) and animation/film than gaming. Sony has shown a clear interest in owning more of that space in recent years, after acquiring Funimationin 2017and Crunchyrollin 2021. Earlier this year Sony looked into buying Infocom, one of Japan’s largest online comic platforms, though a private equity companycame out with the winning bid.
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