Kadokawa Corporation has confirmed it has received a buyout offer from Sony, but insists it has yet to make a decision on whether to sell up. Earlier this week, Reuters reported that Sony was in talks to buy Kadokawa,

Kadokawa has confirmed that it has received a letter of intent from Sony to acquire the company. Kadokawa owns a majority share in FromSoftware, as well as several anime production houses.

Sony Group is currently in talks to acquire Kadokawa, the Japanese media conglomerate that owns video game developers FromSoftware. As reported by Reuters, both Sony and Kadokawa declined to comment, with the negotiations believed to be in its early stages. [Thanks, Reuters !]