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Sony Interactive Entertainment to Acquire Insomniac Games to Expand Interactive Gaming Offerings.

MANews-(C)2009-2019

22 August 2019 - California, US-based interactive and digital entertainment company Sony Interactive Entertainment (SIE) has agreed to acquire game developer Insomniac Games, Inc., based in California and North Carolina, the company said.

Terms of the transaction were not disclosed.

Upon completion of the acquisition, Insomniac Games will join the global development operation of Sony Interactive Entertainment Worldwide Studios.

This addition furthers SIE's continued commitment to creative excellence and innovation in game development exclusively for the PlayStation platforms.

Insomniac Games is the 14th studio to join the SIE WWS family.

Sony Interactive Entertainment is responsible for the PlayStation brand and family of products and services. SIE is a wholly-owned subsidiary of Sony Corp. and has global functions in California, London and Tokyo.

Insomniac Games is the developer of PlayStation4's Marvel's Spider-Man and PlayStation Ratchet and Clank franchise.

Country: USA

Sector: Media

Target: Insomniac Games, Inc

Buyer: Sony Interactive Entertainment (SIE)

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U9CA
Date:Aug 22, 2019
Words:173
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