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.

Sony is reportedly in talks to purchase Japanese publisher Kadokawa, Reuters reports, citing sources familiar with the dealings. Kadokawa owns FromSoftware, which is behind incredibly difficult Soulslike games,

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.