Following a recent Reuters report, the Japanese media holding Kadokawa Corporation officially commented on potential interest from Sony Group Corporation.
Image source: Bandai Namco
Let us recall that earlier two Reuters informants reported that Sony was aiming to acquire Kadokawa: the parties are allegedly currently negotiating, and if successful, the deal could be concluded in the coming weeks.
Sony refused to comment on the situation to Reuters, and Kadokawa explained that they “cannot do this.” Just a day later, however, the Japanese media holding published an official statement.
Image source: Gematsu
In a laconic letter on the official website of Kadokawa Corporation, its CEO Takeshi Natsuno confirmed Sony Group Corporation’s interest in purchasing the company.
«The company has received an initial letter of intent to purchase shares of the company, but no decision has been made at this time. If newsworthy facts emerge in the future, we will make a timely and appropriate announcement,” Natsuno assured.
Image source: Bandai Namco
Reuters editors also noted that following rumors of interest from Sony, Kadokawa shares jumped in price: by 23% yesterday, on the day the publication’s report was released, and by 16% today, November 20.
It is assumed that with the purchase, Sony hopes to strengthen its entertainment portfolio: Kadokawa is engaged in anime and manga, and also owns several game studios, including FromSoftware (Dark Souls, Bloodborne, Elden Ring).
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