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h1, h2, h3, .tt-title-text{ margin-top: 0px !important; margin-bottom: 0px !important; } } #fkgUBk { display: none; } </style> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:description" content="Shares of Japanese gamemaker Kadokawa were up 23% on Tuesday on news Sony is in talks to buy the company behind the 'Elden Ring' and other popular games" /> <meta name="twitter:title" content="Kadokawa Shares Soar on News Sony Wants to Buy Gamemaker" /> <meta name="twitter:site" content="@ATFinancial_" /> <meta name="twitter:image" content="https://www.asiafinancial.com/wp-content/uploads/2024/11/Sony-Rtrs.jpg" /><script type="application/ld+json">{ "@context": "http:\/\/schema.org", "@type": "newsarticle", "inLanguage": "en", "url": "https:\/\/www.asiafinancial.com", "articleBody": " \r\n\r\nShares of Kadokawa have shot up on reports that Sony wants to buy the company that launched the popular 'Elden Ring' game.\r\n\r\nKadokawa shares were up 23% \u2013 the daily limit \u2013 at the close of trading on Tuesday.\r\n\r\nSources have told Reuters that Sony is in talks to acquire Kadokawa, as it wants to add the game-maker to its entertainment portfolio.\r\n\r\n \r\n<h3>ALSO SEE:\u00a0<a href="https:\/\/www.asiafinancial.com\/retaliatory-trade-tariffs-could-backfire-on-asia-imf-warns">Retaliatory Trade Tariffs Could Backfire on Asia, IMF Warns<\/a><\/h3>\r\n \r\n\r\nTalks between the two firms are ongoing and, if successful, a deal could be signed in coming weeks, they said.\r\n\r\nKadokawa's market capitalisation was around $2.7 billion prior to the Reuters report. Meanwhile, Sony's shares closed up 0.6%.\r\n\r\nSony declined to comment, while Kadokawa said it cannot comment currently.\r\n\r\nSony already has a 2% stake in Kadokawa and a stake in Kadokawa-controlled FromSoftware, the developer of the hit fantasy action role-playing game.\r\n\r\nThe critically acclaimed title is a collaboration between veteran game director Hidetaka Miyazaki and "Game of Thrones" author George RR Martin.\r\n\r\n \r\n<h2>Players battling monsters<\/h2>\r\nThe game, which depicts an atmospheric world where players battle monsters and quest to repair the Elden Ring, has sold 25 million units and been widely praised.\r\n\r\nThe title is available on platforms including Sony's PlayStation. An expansion, "Shadow of the Erdtree", sold 5 million units in the three days after its release in June.\r\n\r\nKadokawa began as a publisher in 1945, but has expanded into games, anime, events and figures with franchises such as "Re:Zero", in which a teenage boy is summoned to a fantasy world.\r\n\r\nOther franchises include "Delicious in Dungeon", a manga series adapted into anime about adventurers exploring dungeons and eating monsters they encounter.\r\n\r\nKnown as the inventor of the Walkman, Sony has transformed from an electronics manufacturer into an entertainment and technology juggernaut spanning movies, music, games and chips.\r\n\r\n"Loveable characters and intellectual property (IP) can live for 30, 50 or 100 years," Sony CEO Kenichiro Yoshida said last year.\r\n\r\n"That's something we want to make investment in for sustainable growth," he said.\r\n\r\nSony's focus includes anime, whose growth worldwide has been fuelled by the spread of streaming services and greater familiarity with Japanese culture.\r\n\r\nThe group has also had success in extending the reach of its own franchises, with "The Last of Us" games series adapted into a popular HBO drama.\r\n\r\nSony, which has a market valuation of around $114 billion, in January <strong><a href="https:\/\/www.asiafinancial.com\/zee-shares-plunge-30-after-sony-ends-10bn-indian-merger">scrapped the $10 billion merger of its Indian arm with Zee Entertainment Enterprises<\/a><\/strong> saying some conditions were not met.\r\n\r\nKadokawa's business has been buffeted in recent years.\r\n\r\nIn June, it was hit by a cyberattack that resulted in a data leak and affected business activities.\r\n\r\nTwo years ago, Tsuguhiko Kadokawa, the son of the company's founder, resigned as chairman after he was indicted on bribery charges related to the Tokyo Olympics.\r\n\r\n \r\n<ul>\r\n \t<li>Reuters with addtional editing by Jim Pollard<\/li>\r\n<\/ul>\r\n \r\n<h3>ALSO SEE:<\/h3>\r\n<h4 class="reports-big-head"><a href="https:\/\/www.asiafinancial.com\/sony-accused-of-not-playing-fair-in-7-9bn-playstation-lawsuit">Sony Accused of Not Playing Fair in $7.9bn PlayStation Lawsuit<\/a><\/h4>\r\n<h4 class="reports-big-head"><a href="https:\/\/www.asiafinancial.com\/indias-reliance-in-tech-tie-up-talks-ahead-of-chipmaking-move">India\u2019s Reliance in Tech Tie-Up Talks Ahead of Chipmaking Move<\/a><\/h4>\r\n<h4 class="reports-big-head"><a href="https:\/\/www.asiafinancial.com\/sony-says-it-can-make-humanoid-robots-if-they-have-a-role">Sony Says it Can Make Humanoid Robots \u2013 if They Have a Role<\/a><\/h4>\r\n<h4 class="reports-big-head"><a href="https:\/\/www.asiafinancial.com\/sony-ready-for-metaverse-revolution-across-platforms">Sony Ready for Metaverse Revolution Across Platforms<\/a><\/h4>\r\n<h4 class="reports-big-head"><a href="https:\/\/www.asiafinancial.com\/sony-to-boost-playstation-5-output-broaden-pc-mobile-titles">Sony to Boost PlayStation 5 Output, Broaden PC, Mobile Titles<\/a><\/h4>\r\n ", "articleSection": "Asia", "mainEntityOfPage": { "@type": "WebPage", "url": "https:\/\/www.asiafinancial.com\/kadokawa-shares-soar-on-news-sony-wants-to-buy-gamemaker" }, "headline": "Kadokawa Shares Soar on News Sony Wants to Buy Gamemaker", "description": "Shares of Japanese gamemaker Kadokawa were up 23% on Tuesday on news Sony is in talks to buy the company behind the 'Elden Ring' and other popular games", "datePublished": "2024-11-19T11:43:51+00:00", "dateModified": "2024-11-19T11:43:51+00:00", "publisher": { "@type": "Organization", "name": "Asia Financial", "logo": { "@type": "ImageObject", "url": "https:\/\/www.asiafinancial.com\/wp-content\/themes\/atf\/images\/AF-logo-small.png", "width": "640", "height": "97" } }, "author": { "@type": "Person", "name": "Asia Financial" }, "image": { "@type": "ImageObject", "url": "https:\/\/www.asiafinancial.com\/wp-content\/uploads\/2024\/11\/Sony-Rtrs.jpg" } }</script> <script async src="https://www.googletagmanager.com/gtag/js?id=G-CNH68EHNDT"></script> <script> window.dataLayer = window.dataLayer || []; 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font-size: 12px; font-weight: 500; margin-top: 10px; color: #aaaaaa;"> Sony Group president Hiroki Totoki attends the company's annual strategy briefing in Tokyo, May 23, 2024 (Reuters). </figcaption> </figure> </div> <div class="content"> <p> </p> <p>Shares of Kadokawa have shot up on reports that Sony wants to buy the company that launched the popular ‘Elden Ring’ game.</p> <p>Kadokawa shares were up 23% – the daily limit – at the close of trading on Tuesday.</p> <p>Sources have told Reuters that Sony is in talks to acquire Kadokawa, as it wants to add the game-maker to its entertainment portfolio.</p> <p> </p> <h3>ALSO SEE: <a href="https://www.asiafinancial.com/retaliatory-trade-tariffs-could-backfire-on-asia-imf-warns">Retaliatory Trade Tariffs Could Backfire on Asia, IMF Warns</a></h3> <p> </p> <p>Talks between the two firms are ongoing and, if successful, a deal could be signed in coming weeks, they said.</p> <p>Kadokawa’s market capitalisation was around $2.7 billion prior to the Reuters report. Meanwhile, Sony’s shares closed up 0.6%.</p> <p>Sony declined to comment, while Kadokawa said it cannot comment currently.</p> <p>Sony already has a 2% stake in Kadokawa and a stake in Kadokawa-controlled FromSoftware, the developer of the hit fantasy action role-playing game.</p> <p>The critically acclaimed title is a collaboration between veteran game director Hidetaka Miyazaki and “Game of Thrones” author George RR Martin.</p> <p> </p> <h2>Players battling monsters</h2> <p>The game, which depicts an atmospheric world where players battle monsters and quest to repair the Elden Ring, has sold 25 million units and been widely praised.</p> <p>The title is available on platforms including Sony’s PlayStation. An expansion, “Shadow of the Erdtree”, sold 5 million units in the three days after its release in June.</p> <p>Kadokawa began as a publisher in 1945, but has expanded into games, anime, events and figures with franchises such as “Re:Zero”, in which a teenage boy is summoned to a fantasy world.</p> <p>Other franchises include “Delicious in Dungeon”, a manga series adapted into anime about adventurers exploring dungeons and eating monsters they encounter.</p> <p>Known as the inventor of the Walkman, Sony has transformed from an electronics manufacturer into an entertainment and technology juggernaut spanning movies, music, games and chips.</p> <p>“Loveable characters and intellectual property (IP) can live for 30, 50 or 100 years,” Sony CEO Kenichiro Yoshida said last year.</p> <p>“That’s something we want to make investment in for sustainable growth,” he said.</p> <p>Sony’s focus includes anime, whose growth worldwide has been fuelled by the spread of streaming services and greater familiarity with Japanese culture.</p> <p>The group has also had success in extending the reach of its own franchises, with “The Last of Us” games series adapted into a popular HBO drama.</p> <p>Sony, which has a market valuation of around $114 billion, in January <strong><a href="https://www.asiafinancial.com/zee-shares-plunge-30-after-sony-ends-10bn-indian-merger">scrapped the $10 billion merger of its Indian arm with Zee Entertainment Enterprises</a></strong> saying some conditions were not met.</p> <p>Kadokawa’s business has been buffeted in recent years.</p> <p>In June, it was hit by a cyberattack that resulted in a data leak and affected business activities.</p> <p>Two years ago, Tsuguhiko Kadokawa, the son of the company’s founder, resigned as chairman after he was indicted on bribery charges related to the Tokyo Olympics.</p> <p> </p> <ul> <li>Reuters with addtional editing by Jim Pollard</li> </ul> <p> </p> <h3>ALSO SEE:</h3> <h4 class="reports-big-head"><a href="https://www.asiafinancial.com/sony-accused-of-not-playing-fair-in-7-9bn-playstation-lawsuit">Sony Accused of Not Playing Fair in $7.9bn PlayStation Lawsuit</a></h4> <h4 class="reports-big-head"><a href="https://www.asiafinancial.com/indias-reliance-in-tech-tie-up-talks-ahead-of-chipmaking-move">India’s Reliance in Tech Tie-Up Talks Ahead of Chipmaking Move</a></h4> <h4 class="reports-big-head"><a href="https://www.asiafinancial.com/sony-says-it-can-make-humanoid-robots-if-they-have-a-role">Sony Says it Can Make Humanoid Robots – if They Have a Role</a></h4> <h4 class="reports-big-head"><a href="https://www.asiafinancial.com/sony-ready-for-metaverse-revolution-across-platforms">Sony Ready for Metaverse Revolution Across Platforms</a></h4> <h4 class="reports-big-head"><a href="https://www.asiafinancial.com/sony-to-boost-playstation-5-output-broaden-pc-mobile-titles">Sony to Boost PlayStation 5 Output, Broaden PC, Mobile Titles</a></h4> <p> </p> <div class="tags"> </div> <div class="author-box"> <div class="profile_images"><img width="96" height="96" src="https://www.asiafinancial.com/wp-content/uploads/2023/04/JP-Feb2020--96x96.jpg" class="avatar avatar-96 photo imgauthor" alt="" loading="lazy" srcset="https://www.asiafinancial.com/wp-content/uploads/2023/04/JP-Feb2020--96x96.jpg 96w, https://www.asiafinancial.com/wp-content/uploads/2023/04/JP-Feb2020--150x150.jpg 150w, https://www.asiafinancial.com/wp-content/uploads/2023/04/JP-Feb2020--24x24.jpg 24w, https://www.asiafinancial.com/wp-content/uploads/2023/04/JP-Feb2020--48x48.jpg 48w, https://www.asiafinancial.com/wp-content/uploads/2023/04/JP-Feb2020--300x300.jpg 300w" sizes="100vw" /></div> <div class="author-content"> <h3><a href="https://www.asiafinancial.com/author/jim">Jim Pollard </a></h3> <p style="font-size: 14px;"> Jim Pollard is an Australian journalist based in Thailand since 1999. 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