- Sony in talks to buy Japan's Kadokawa - Kadokawa is behind the popular game Elden Ring - Before the news, Kadokawa's valuation was around $2.7 billion - After the news broke, Kadokawa's stock rose 23%. - That said, Sony already owns a 2% stake in Kadokawa - Sales of the popular game Elden Ring reached 25 million units - The video game has received many positive reviews - Kadokawa started its business as a game publisher in 1945 - Later the company began to produce anime, toys, etc - The market value of Japanese Sony is $114 billion