Sony is reportedly in talks to acquire Kadokawa Corporation.
Reuters, citing two sources familiar with the situation, reports that talks between Sony and Kadokawa are ongoing.
He says that if negotiations are successful, an agreement could be reached in the coming weeks.
Sony declined to comment on the Reuters report, while Kadokawa said he could not comment.
Kadokawa Corporation is a Japanese media conglomerate that owns several companies specializing in book and manga publishing, film production, DVD sales and cross-media.
What’s more interesting for gaming enthusiasts, however, is that Kadokawa also owns a majority stake in FromSoftware, the studio behind the Elden Ring, Bloodborne, Sekiro, and Dark Souls games. If the acquisition were successful, Sony would also own FromSoftware.
Kadokawa also owns Dwango, a Japanese media and telecommunications company that owns developer Spike Chunsoft (most recently responsible for Dragon Ball: Sparking! Zero).
Earlier this year, it also purchased Acquire, the Tokyo studio known in recent years for Octopath Traveler, Octopath Traveler II and Mario & Lugi: Brothership.
Kadokawa’s share price soared overnight as a result of the Sony acquisition reports, closing up 23% to 3,745 yen, its highest value ever.
This change is particularly notable given that earlier this year Kadokawa’s share price fell more than 20% following a cyberattack in June in which a ransomware gang claimed to have hacked 1.5TB of the company’s data, including private employee information.
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