Tue Nov 19 06:20:00 UTC 2024: ## KADOKAWA Stock Soars on Rumored Sony Acquisition
**Tokyo, Japan** – KADOKAWA Corporation’s stock price surged to its daily limit on November 19th, closing at ¥3745 after Reuters reported that Sony is considering a potential acquisition. The stock price jumped significantly from its ¥3045 closing price on November 18th.
According to two unnamed sources cited by Reuters, negotiations are underway, and a deal could be finalized within weeks. The news sent shockwaves through the market, leading to the dramatic price increase. While neither company has officially commented, the report has fueled speculation about a major shift in the Japanese entertainment industry.
First Piper 