Rumor Sony Is In Talks To Acquire Kadokawa

[Sphinx]

Reuters, citing two sources familiar with the situation, reports that talks between Sony and Kadokawa are ongoing.

It says that should the negotiations prove successful, a deal could be made in the coming weeks.

Sony declined to comment on Reuters’ report, while Kadokawa said it couldn’t comment.

Kadokawa’s share price shot up overnight as a result of Sony acquisition reports, closing at an increase of 23% to ¥3,745 – their all-time highest value.

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