NEW YORK/TOKYO ― Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the 'Elden Ring' game, two sources familiar with the matter said, as the technology giant looks to add to its entertainment portfolio.
NEW YORK/TOKYO ― Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the 'Elden Ring' game, two sources familiar with the matter said, as the technology giant looks to add to its entertainment portfolio.The talks between the two sides are ongoing and, if successful, a deal could be signed in the coming weeks, the sources said.Kadokawa's shares closed up 23 percent at their daily limit. Its market capitalization was around $2.
Kadokawa began as a publisher in 1945, but has expanded into games, anime, events and figures with franchises such as 'Re:Zero', in which a teenage boy is summoned to a fantasy world.Other franchises include 'Delicious in Dungeon,' a manga series adapted into anime about adventurers exploring dungeons and eating monsters they encounter.
Is In Talks To Buy Media Powerhouse Behind 'Elden Ring'
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