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Sony Said to Weigh Deal for Japanese Content House Kadokawa [Yahoo! Finance Canada]

Sony Group Corporation American Depositary Shares (SONY) 
Most Read from Bloomberg Tokyo-listed Sony has been studying a possible offer for Kadokawa and the two companies have held talks, according to people familiar with the discussions. Deliberations are ongoing and Sony could decide against proceeding with a formal proposal, they added, asking not to be named as the matter is private. The two entertainment conglomerates are among the main shareholders in FromSoftware Inc., the creator of hit PlayStation games such as Elden Ring and Bloodborne, which may be the biggest draw for Sony's interest. Sony's shares gave up most of their gains on Tuesday after Reuters reported talks over a potential deal, though they rose more than 3% Wednesday. Kadokawa leapt another 19% in Tokyo, adding to Tuesday's 23% climb. “Nothing has been decided, and we have not made an announcement,” a Kadokawa spokesman said. A representative of Sony declined to comment. “No doubt Sony wants to get its hands on FromSoftware, which has been the jewel in the crown Show less Read more
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