We use connections between conjunctive game formulas and the theory of inductive definitions to define the notions of a coinductive formula and its approximations. Corresponding to the theory of conjunctive game formulas we develop a theory of coinductive formulas, including a covering theorem and a normal form theorem for many sorted languages. Applying both theorems and the results on "model interpolation" obtained in this paper, we prove a many-sorted interpolation theorem for ω 1 ω-logic, which considers interpolation with respect to (...) the language symbols, the quantifiers, the identity, and countably infinite conjunction and disjunction. (shrink)