Kadokawa shares jump 16% after news of Sony talks


FILE PHOTO: The Sony logo is seen on a building in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri/File Photo

TOKYO (Reuters) - Kadokawa's shares jumped 16% in early Tokyo trading on Wednesday, a day after Reuters reported Sony was in talks to acquire the publishing, anime and gaming powerhouse.

Shares in Kadokawa, which controls "Elden Ring" developer FromSoftware, closed up 23% at their daily limit on Tuesday after the news.

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