Kadokawa's shares jumped 19% in early Tokyo trading on Wednesday, a day after Reuters reported Sony was in talks to acquire the publishing, anime and gaming powerhouse.

In a pretty astonishing piece of news, it seems that Sony is in talks to buy Kadokawa. According to Reuters, Sony is thinking of buying Kadokawa, which would have massive ramifications for both games and anime.

Sony Group Corporation is in talks to acquire fellow Japanese conglomerate Kadokawa, according to media reports that emerged this week. The firm's animation and games properties may underlie the possible M&A activity.