Exclusive: Sony is in talks to buy media powerhouse behind 'Elden Ring'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 19 2024
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Source: Reuters
Sony's Acquisition Talks: Sony is in discussions to acquire Kadokawa, the company behind the popular game "Elden Ring," as part of its strategy to expand its entertainment portfolio. If successful, a deal could be finalized soon.
Kadokawa's Recent Challenges: Kadokawa has faced difficulties including a cyberattack that leaked data and the resignation of its chairman due to bribery charges, while its stock surged 23% following news of the acquisition talks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
