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Sony Group Corporation (6758.T)
- Bloomberg
Sony Said to Weigh Deal for Japanese Content House Kadokawa
(Bloomberg) -- Sony Group Corp. is exploring a takeover of Japanese publisher Kadokawa Corp., potentially expanding its content portfolio and tightening its grip over the maker of hit role-playing game Elden Ring.Most Read from BloombergParis to Replace Parking Spaces With TreesNew York’s Transit Agency Approves $9 Congestion TollTrump Promises Could Have Seismic Impact on Washington EconomyNY Congestion Pricing Survived a Pause. Here’s What Could Kill ItTokyo’s Scorching Summers Focus Public An
- Reuters
Kadokawa shares surge after news of Sony acquisition talks
TOKYO (Reuters) -Kadokawa's shares closed up 16% in Tokyo on Wednesday, a day after Reuters reported Sony was in talks to acquire the publishing, anime and gaming powerhouse. Shares in Kadokawa, which controls "Elden Ring" developer FromSoftware, closed up 23% at their daily limit on Tuesday after the news. Sony, whose stock ended up 2.8% on Wednesday, previously declined to comment on any talks while Kadokawa said it could not comment.
