Sony may acquire Kadokawa, giving them full control of the anime production system. If the deal goes through, Kadokawa's goal is to produce 40 anime titles per year by 2023.

In a pretty astonishing piece of news, it seems that Sony is in talks to buy Kadokawa. According to Reuters, Sony is thinking of buying Kadokawa, which would have massive ramifications for both games and anime.

Japanese media powerhouse Kadokawa said on Wednesday it had received a letter of intent to buy its shares, a day after a Reuters report that Sony was in talks to acquire the developer of the acclaimed "Elden Ring" fantasy game sent its stock soaring.

But for Kadokawa themselves, they have shared a statement confirming that the potential deal between them and Sony has yet to be confirmed. Noting that they “received an initial letter of intent to acquire the Company’s shares,

Sony Group Corporation is in talks to acquire fellow Japanese conglomerate Kadokawa, according to media reports that emerged this week. The firm's animation and games properties may underlie the possible M&A activity.

Sony might acquire full ownership over Kadokawa in the next weeks and the anime community is not happy about it at all.

Kadokawa's shares jumped 19% in early Tokyo trading on Wednesday, a day after Reuters reported Sony was in talks to acquire the publishing, anime and gaming powerhouse. Shares in Kadokawa, which controls "Elden Ring" developer FromSoftware,

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.

Japanese media giant Kadokawa has confirmed Sony's intent to acquire the company through a buyout. However, no plans have been solidified, as Sony has only submitted a letter of intent, but if an agreement were to be made,