Sony is in talks to buy media powerhouse behind ‘Elden Ring’

Sony is in talks to acquire Kadokawa, the Japanese media powerhouse known for “Elden Ring,” as reported exclusively by Reuters. Shares of Kadokawa surged 23% after the news, with the company confirming receipt of an initial letter of intent for the acquisition. This potential deal highlights Sony’s transformation into an entertainment and technology giant, with a growing focus on anime and expanding its entertainment portfolio.

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