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

Sony is reportedly purchasing Kadokawa Corporation, the parent company of FromSoftware. This breaking news is brought to us by Reuters, who claims that both parties are in talks right now and a deal could be finalized within the next few weeks.