After much speculation, it’s finally in black and white! Sony confirmed interest in purchase Kadokawa Corporationparent company of a famous Japanese studio FromSoftwarecreators of games such as Elden Ring, Dark Souls or Sekiro: Shadows Die Twice.
Sony has officially confirmed that it has submitted a binding statement of intent (called a “letter of intent”) regarding the acquisition of Kadokawa, as previously reported by Reuters. The market price before the news of the Sony acquisition was $2.7 billion.
If the deal goes through, Sony will gain full control of FromSoftware, which has become one of the most respected game studios in the world thanks to its unique Souls-style games. This will significantly strengthen Sony’s position in the gaming industry. Players are understandably concerned about what will happen with the release of other FromSoftware projects on Xbox, and whether Sony will want to release future hits only on PlayStation consoles and PCs.
According to Japanese financial analyst Takahiro Suzuki. there is some tension within Kadokawa and FromSoftware itself. Some employees are reported to be dissatisfied with the current CEO’s leadership and believe the Sony acquisition could lead to changes in leadership positions. This could lead to company restructuring and possible increased development.
The acquisition of Kadokawa will bring Sony not only the FromSoftware studio, but also strong portfolio related to anime and other media projectswhich is in line with Sony’s long-term strategy to expand multimedia services. The results of these negotiations could have a major impact on the future of the game series and possibly other game projects.
In addition to FromSoftware, Kadokawa also owns the studio Spike Chunsoft (developers of Dragon Ball: Sparking! Zero) and bought the Tokyo-based company earlier this year. Purchase. Players will learn about this from Octopath Traveler, Octopath Traveler II and Mario & Luigi: Brotherhood.
Source :Indian TV
