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 Group is currently in talks to acquire Kadokawa, the Japanese media conglomerate that owns video game developers FromSoftware. As reported by Reuters, both Sony and Kadokawa declined to comment, with the negotiations believed to be in its early stages. [Thanks, Reuters !]

Sony is allegedly planning to acquire Japanese media company Kadokawa. The company also owns FromSoftware studio, which developed the Elden Ring blockbuster,