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 is reportedly purchasing Kadokawa Corporation, the parent company of FromSoftware. This breaking news is brought to us by Reuters, who claims that both parties are in talks right now and a deal could be finalized within the next few weeks.