Reports that Sony was in talks to acquire Kadokawa, the Japanese media conglomerate that owns Elden Ring developer FromSoftware, have been confirmed. Kadokawa has released a short statement acknowledging Sony’s intention but stating that no decision had been made.

"No decision has been made at this time," but a letter of intent has been received and that means the wheels are turning.

On Sunday, reports have heated up that allege Sony is looking to buy the Elden Ring developer FromSoftware's parent company, Kadokawa.