Sony is in talks to buy media powerhouse behind ‘Elden Ring’, sources say ...Middle East

NEW YORK: 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% at their daily limit. Its market capitalisation was around $2.7 billion prior to the Reuters report.Sony declined to comment. Kadokawa said it cannot comment.Sony already has a 2% stake in Kadokawa and a stake in Kadokawa subsidiary FromSoftware, the developer of the hit fantasy role-playing game.The critically acclaimed t

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Sony is in talks to buy media powerhouse behind ‘Elden Ring’, sources say ...Middle East

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