Reported 14 days ago
Kadokawa's shares soared 16% in Tokyo trading following news that Sony is in discussions to acquire the company, known for its contributions to publishing, anime, and gaming. The stock had already jumped 23% at the daily limit the previous day after the news broke. Analysts suggest the acquisition would enhance Sony's entertainment portfolio, particularly in anime and manga, a fast-growing market expected to reach $60 billion by 2030.
Source: YAHOO