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Kadokawa shares surge as Sony explores acquisition talks

Kadokawa"s shares surged 16% following reports of Sony"s interest in acquiring the company, which is known for its influence in publishing, anime, and gaming, including the developer of "Elden Ring," FromSoftware. The stock closed up 23% at its daily limit, reflecting the growing significance of anime and manga in the global market, projected to reach $60 billion by 2030. Industry expert Serkan Toto noted that Sony recognizes the global impact of anime and manga.
Moneycontrol
Japanese Yen FromSoftware Kadokawa Corporation Sony JPN Serkan Toto Show more
Finance & Economy, Market Report
02:23 20.11.2024

nintendo shares rise as backward compatibility announced for switch successor

Nintendo's shares surged 5.8% following the announcement that current Switch games will be playable on its upcoming console successor, aiming to excite existing users. This backward compatibility is seen as a strategic move to enhance the new device's appeal and retain current players. As demand for the aging Switch wanes, investors anticipate further details about the successor, expected to be revealed by March 2025.
CNBC
United States Dollar Nintendo Co., Ltd. JPN Serkan Toto
Finance & Economy, Market Report
09:26 06.11.2024
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