Reported 1 day ago
Kadokawa's stock is expected to drop significantly after the company announced a capital tie-up with Sony worth approximately 50 billion yen, instead of the anticipated acquisition. This partnership makes Sony the largest shareholder with around 10% stake. Following the news, early trading showed a backlog of sell orders as Kadokawa's shares, which had previously surged about 45%, were set to hit their daily limit low.
Source: YAHOO