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+--- Thread: News - Sony’s 2019 acquisition of Insomniac Games priced at $229 million (/thread-93560.html)
News - Sony’s 2019 acquisition of Insomniac Games priced at $229 million - xSicKxBot - 02-12-2020
Sony’s 2019 acquisition of Insomniac Games priced at $229 million
<div style="margin: 5px 5% 10px 5%;"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/02/sonys-2019-acquisition-of-insomniac-games-priced-at-229-million.jpg" width="200" height="200" title="" alt="" /></div><div><p><strong>Newsbrief: </strong>Sony paid 24.895 billion yen, or $229 million, to bring <em>Marvel’s Spider-Man </em>developer Insomniac Games into Sony Interactive Entertainment’s Worldwide Studios group.</p>
<p>The deal was <a href="https://gamasutra.com/view/news/349042/Sony_announces_its_buying_SpiderMan_developer_Insomniac_Games.php">first revealed</a> back in August 2019, but the actual buying price wasn’t disclosed at the time. An SEC filing detailing Sony’s Q3 results <a href="http://www.sec.gov/Archives/edgar/data/313838/000119312520028936/d819459d6k.htm#tx819459_27c">published today</a> meanwhile shared that $229 million price tag, alongside the deal’s close date of November 15.</p>
<p>The arrangement followed decades of collaboration between the two companies, and a handful of notable exclusive for Sony’s PlayStation brand like <em>Marvel’s Spider-Man</em>, <em>Ratchet & Clank</em>, and <em>Spyro the Dragon</em>. At the time, SIE’s then-chairman Shawn Layden noted in a press release that the acquisition “reiterates our commitment to developing world class gaming experiences that can only be found on the PlayStation platform.”</p>
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https://www.sickgaming.net/blog/2020/02/10/sonys-2019-acquisition-of-insomniac-games-priced-at-229-million/