Kadokawa shares jump 16% after news of Sony talks

By Yahoo! Finance | Nov 19, 2024 at 08:04 PM EST

Shares of Kadokawa surged in Tokyo after reports of Sony's interest in acquiring the company. Sony aims to enhance its entertainment portfolio by tapping into Kadokawa's strengths in publishing, anime, and gaming. Sony's move is seen as strategic to compete in the growing anime market.

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