Sony has confirmed its interest in aquiring FromSoftware parent company Kadokawa.

The PlayStation manufacturer cleared the air regarding reports that it was looking to pick up the gaming and anime mega company in a recent interview with Yahoo Japan. It’s acknowledgement of what could be a bombshell moment for entertainment fans everywhere, but until a deal is finalized, it is probably best to keep expectations for a potential buyout at a minimum.

“It is true that we have made an initial statement of intent,” Sony said regarding its interest in Kadokawa (translated via DeepL). “We would appreciate it if you would allow us to refrain from further comment.”

Rumors that Sony may soon acquire Kadokawa first emerged from a Reuters report last month. It stated that talks between the two companies were ongoing, with one of its sources adding that, should negotiations proceed in a positive direction, a deal could be signed soon. Today’s confirmation from Sony suggests that talks remain active, though it’s unclear where things sit now.

Kadokawa oversees a number of entities that could no doubt benefit Sony in the long run. One that many gaming fans have their eye on is FromSoftware, which helped launch gaming into the 2010s with its critically acclaimed Dark Souls series. The developer also found tremendous success with 2022’s George R. R. Martin collaboration project, Elden Ring, with its follow-up DLC, Shadow of the Erdtree, launching earlier this year. Kadokawa also owns other gaming studios such as Spike Chunsoft (Danganronpa), Acquire (Octopath Traveler), Gotcha Gotcha Games (RPG Maker), and more.

While some experts believe that bringing the media company under Sony’s wing may prove to be difficult, Ampere Analysis research director Piers Harding-Rolls previously explained to IGN that news of the company’s interest shouldn’t come as much of a surprise. It already owns about 14% of FromSoftware thanks to a deal made in 2022.

“At the time, Sony mentioned a broader interest in cross-media development of anime and games IP to support its other media businesses,” Harding-Rolls said. “So, in that sense any deal for the parent company Kadokawa, which also operates extensively in manga and anime, is a natural extension of this earlier deal. These other areas align nicely with Sony’s anime businesses.”

There’s no telling when or if the deal will proceed for now. While we wait for any updates, you can read about why FromSoftware isn’t currently interested in making Elden Ring 2. You can also learn about the ransomware attack that hit the game developer earlier this year.

It’ll be interesting to see how this plays out.