It's so funny to me how vigorously the internet defended Microsoft, a much much larger company than Sony, buying Bethesda and Activision-Blizzard, each much larger companies than Kadokawa.
Consolidation is bad for everyone except owners and I hope this doesn't happen.
Silver linings: at the very least this would probably result in the Bloodborne re-release people have been begging for. If it were Microsoft purchasing them I would expect a ton of immediate layoffs and maybe studio closure after a few years. While Sony has closed a couple of studios (mostly their own home-grown ones that were re-structured into other things) they seem more focused on actually using their acquisitions than just gobbling the IP and eliminating competition.
I got into a lot of discussions with people who seemed to believe that Microsoft would "save" Activision-Blizzard. Clean up the culture, create a better work environment, shift the focus away from live-services and micro-transactions. People were expecting a lot of their older games to make their way to GamePass... Which is a whole other kind of predatory pricing.
Lo and behold- AB went ahead and laid off almost 2,000 redundant positions after the acquisition and don't seem to have changed their business structure much.