In this episode, Richard Hoeg dives into the potential acquisition of Kadokawa by Sony, examining the pricing process regulatory questions and more. Richard explores Sony's stake in Kadokawa, the company's anime involvement, and potential antitrust issues. He provides insights into Sony's acquisition history and financials, the implications of leaked information, and the role of cash in acquisitions. The episode also touches on Tencent's influence, anime market monopolization worries, and jurisdictional challenges for international companies, concluding with thoughts on regulatory concerns and FromSoft's potential independence.