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 reportedly looking to acquire the Japanese publishing company Kadokawa, the owner of Elden Ring developer FromSoftware. According to a recent Reuters report, two sources familiar with the matter claimed that talks between the PlayStation owner and Kadokawa are ongoing.

By Anirban Sen and Sam Nussey NEW YORK/TOKYO (Reuters) -Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the "Elden Ring" game, two sources familiar with the matter said, as the technology giant looks to add to its entertainment portfolio.