Sony Group Corporation is in talks to acquire Kadokawa Corporation, according to a Reuters report citing two sources familiar with the matter.
Talks between the two sides are reportedly ongoing, and a deal could be signed in the coming weeks if successful, the sources said.
Sony Group Corporation declined to comment when asked by Reuters. Kadokawa Corporation said it could not comment.
Kadokawa Corporation is the parent company of numerous subsidiaries across publishing, film and visual, and cross media. Its game development subsidiaries include ACQUIRE, FromSoftware, Gotcha Gotcha Games, and Spike Chunsoft. Sony Group Corporation subsidiary and PlayStation manufacturer Sony Interactive Entertainment already owns a 14.09 percent stake in FromSoftware. Kadokawa Game Linkage, which operates major media like Famitsu and Dengeki, is also a games publisher.
Update 5:00 a.m.: Nikkei has reported that negotiations are currently in the early stages.