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Sony is reportedly considering acquiring the Japanese content giant Kadokawa.
Sony Group is exploring the acquisition of the japanese publisher Kadokawa Corp., a trade that could expand its content business and strengthen its control over the producer of the popular role-playing game "Elden Ring." According to insiders, Sony has been considering a possible acquisition proposal for Kadokawa, and the two companies have held discussions. They added that negotiations are still ongoing, and Sony may also decide not to make a formal offer. Due to the matter being unpublished, the insiders requested anonymity. Both of these entertainment groups are from FromSoftware Inc.
Sony in Talks to Buy Media Powerhouse Behind 'Elden Ring' — Reuters
Sony (SONY.US) is reportedly in talks to acquire Japan's publishing company Kadokawa Group, or further expand its extensive IP library.
Foreign media sources citing informed individuals reported that Sony Group (SONY.US) is discussing the acquisition of the japanese content publishing company Kadokawa.
Sony Group in Discussion to Buy Japan's Kadokawa, Reuters Says, Citing Sources
The Nikkei average has rebounded and is fluctuating slightly while waiting for nvidia's earnings report.
On the 18th, the USA market was mixed. The Dow Jones Industrial Average closed the trading session at 43,389.60, down 55.39 points, while the NASDAQ ended at 18,791.81, up 111.69 points. With limited news at the opening, the market was mixed. The unexpected improvement in the November NAHB Housing Market Index and strong growth expectations provided support, but the Dow was pressured by profit-taking sales and traded weakly throughout the day. The NASDAQ was supported by the rise of electric car maker Tesla, a decline in long-term interest rates, and expectations for the earnings of semiconductor company NVIDIA.
ADR Japanese stock ranking ~ mixed highs and lows, Chicago is 38,340 yen, 80 yen higher than Osaka.
Japanese stocks of American Depositary Receipts (ADRs), when compared to the Tokyo Stock Exchange (at an exchange rate of 1 dollar to 154.61 yen), saw an increase in Tokio Marine Holdings <8766>, Toyota Motor <7203>, Mitsui Sumitomo Financial Group <8316>, Terumo <4543>, Marubeni <8002>, Mizuho Financial Group <8411>, Chugai Pharmaceutical <4519>, among others, while Yucho Bank <7182>, Nidec Corporation <6594>, Japan Post Holdings <6178>, Fujifilm <4901>, Recruit Holdings <6098>, and SMC <6273> declined.
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