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. Kadokawa is a 79-year-old company ...

Sony Group Corp. is exploring a takeover of Japanese publisher Kadokawa Corp., potentially expanding its content portfolio and tightening its grip over the maker of hit role-playing game Elden Ring.Most Read from BloombergParis to Replace Parking Spaces With TreesNew York’s Transit Agency Approves $9 Congestion TollTrump Promises Could Have Seismic Impact on Washington EconomyNY Congestion Pricing Survived a Pause.

Shares in Kadokawa, which controls "Elden Ring" developer FromSoftware, closed up 23% at their daily limit on Tuesday after the news. The deal would bolster Sony's entertainment portfolio which spans games, movies, music and anime. "Anime and manga are ...