This is an automated archive made by the Lemmit Bot.

The original was posted on /r/gamingleaksandrumours by /u/4000kd on 2024-11-20 21:54:12+00:00.

Kakao (a large South Korean company) has been buying shares in Kadokawa since 2020. It’s possible that Kadokawa approached Sony on an acquisition to prevent a hostile takeover. This may also explain why this deal leaked (so Kakao stops buying shares).

“MarketScreener Strategies Kakao Corp. acquired an additional 2.7% stake in Kadokawa Corporation for KRW 41.2 billion” - 2020

“Kakao becomes largest shareholder of Kadokawa with a 7.3% stake” - 2021

“Typically the two parties agree to a share price for a deal. Sony’s not going to end up paying whatever Kadokawa’s valuation rises to. What I meant was now if Kakao wanted to do a takeover, they’d have to cough up even more cash. So leaking it intentionally could make sense.”