this post was submitted on 19 Nov 2024
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Exclusive: Sony is in talks to buy media powerhouse behind 'Elden Ring' (www.reuters.com)
submitted 1 day ago by [email protected] to c/[email protected]
10 comments fedilink hide all child comments
 

Some important bits:

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’s shares closed up 0.6%.

Sony declined to comment. Kadokawa said it cannot comment.

Sony already has a 2% stake in Kadokawa and a stake in Kadokawa controlled FromSoftware, the developer of the hit fantasy action role-playing game.

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[–] [email protected] 0 points 18 hours ago (1 children)

They aren't trying to buy FromSoft, they are trying to buy FromSoft's parent company Kadokawa, which may want to sell themselves.

There's a lot of anime and manga publishing groups under this company as well. Kadonawa produced Dungeon Meshi, Sword Art and it's spinoffs, Made in Abyss, Overlord, and tons more that weren't familiar to me. This works well for Sony because they bought Crunchyroll and Funimation, so monopolizing on more of the anime industry is probably the real driving force.

[–] [email protected] 0 points 16 hours ago

That's an even bigger "no" from me.