Sony Group Corporation is in talks to acquire fellow Japanese conglomerate Kadokawa, according to media reports that emerged this week. The firm's animation and games properties may underlie the possible M&A activity.

Reuters is reporting that Sony is in talks to buy Kadokawa Corporation, the company that owns FromSoftware, Spike Chunsoft and many other Japanese businesses. If successful, it would be a big move for Sony,

Kadokawa's shares jumped 19% in early Tokyo trading on Wednesday, a day after Reuters reported Sony was in talks to acquire the publishing, anime and gaming powerhouse.