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Why Sony Stock Is Stuck Today -- Down 3%

TheMotleyFool

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Why Sony Stock Is Stuck Today -- Down 3%

Shares of Japanese technology and entertainment giant Sony Group (NYSE: SONY) slid 3.2% through 10:30 a.m. ET Friday after multiple news outlets reported Sony is eyeing a purchase of (all or part) of Elden Ring developer Kadokawa.

Elden Ring is a popular role playing game developed by FromSoftware, a subsidiary of Kadokawa.

Kadokawa itself is an entertainment conglomerate a bit like Sony, but smaller. According to S&P Global Market Intelligence, Kadokawa publishes manga comics and video games, produces movies, and runs assorted other businesses in education and web services.

Source Fool.com