Kadokawa Confirms Sony’s Interest and States No Decision Has Been Made Yet

Yesterday, the otaku community was abuzz with the explosive news that Sony is reportedly interested in acquiring Kadokawa. The news was first reported by Reuters Japan, which stated that negotiations are still in the early stages.

Following widespread reactions online, Kadokawa issued a statement confirming that Sony has expressed interest in acquiring the company.

Kadokawa Confirms Sony’s Interest and States No Decision Has Been Made Yet

Below is the official statement released by Kadokawa:

“There have been articles published about the acquisition of KADOKAWA Corporation (hereinafter ‘the Company’) by Sony Group Inc. However, this information has not been announced by the Company. The Company has received an initial letter of intent to acquire the Company’s shares, but no decision has been made at this time. If there are any facts to be announced in the future, we will make an announcement in a timely and appropriate manner.”

To summarize the statement, Sony has indeed shown interest in acquiring Kadokawa, but the company has yet to make a decision on whether to accept the proposal.

Looking at initial reactions to the news, it seems that many people are relieved to hear that Kadokawa has not yet accepted Sony’s proposal.

via Voce Sabia Anime