The parent company of Elden Ring studio, Kadokawa, has confirmed receiving Sony's offer for the buyout; however, they haven't made any decision yet.

Reuters is reporting that Sony is in talks to buy Kadokawa Corporation, the company that owns FromSoftware, Spike Chunsoft and many other Japanese businesses. If successful, it would be a big move for Sony,

Sony is reportedly in talks to purchase Japanese publisher Kadokawa, Reuters reports, citing sources familiar with the dealings. Kadokawa owns FromSoftware, which is behind incredibly difficult Soulslike games,

By Anirban Sen and Sam Nussey NEW YORK/TOKYO (Reuters) -Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the "Elden Ring" game, two sources familiar with the matter said, as the technology giant looks to add to its entertainment portfolio.

Its shares soared some 23% on Tuesday after the Reuters news agency published a report about the negotiations, quoting two anonymous sources.

The PlayStation manufacturer is reportedly in talks to acquire Kadokawa, the parent company behind FromSoftware and Spike Chunsoft. Microsoft is not the only company in town looking to acquire other gaming companies as Sony is reportedly in talks to acquire Kadokawa,

Sony is in discussions to acquire Kadokawa, the Japanese media firm behind popular fantasy action game Elden Ring.

PlayStation maker Sony is currently in talks to acquire FromSoftware, the developer behind Elden Ring, Dark Souls and Bloodbourne, as part of a buyout of its owner, the Japanese publishing giant Kadokawa.