Reported 2 days ago
Sony is currently in talks to acquire Kadokawa, the Japanese media company known for the hit game 'Elden Ring', as part of its strategy to enhance its entertainment portfolio. If successful, the deal could be finalized in the coming weeks. Kadokawa's stock surged 23% following the news, reflecting investor optimism about the potential acquisition. In addition to owning a 2% stake in Kadokawa, Sony is looking to capitalize on Kadokawa's extensive franchises and its expansion into various entertainment sectors.
Source: YAHOO