Today: November 17, 2025
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The news that Sony is in talks to buy Kadokawa, the Japanese media powerhouse behind the Elden Ring game, has stirred up strong emotions among gamers. Some fear a loss of choice due to corporate consolidation, while others express optimism for increased resources and remasters of beloved titles. Sony already has a 2% stake in Kadokawa and an interest in From Software, the developer of Elden Ring, the company’s most significant success, with 25 million units sold as of June
Alternative fund manager KKR reported a 58% jump in adjusted net income for the third quarter of 2024, driven by record-high fee-related income. The New York-based firm said on Thursday that after-tax distributable earnings (ANI) rose to $1.2 billion in the July-September quarter, or $1.38 per adjusted share, ahead of the average analyst estimate of $1.21, according to LSEG data. ANI includes management, transaction, performance fees, and profits from the firm’s insurance business. During the quarter, KKR saw returns on