Acquisitions · Video games
Sony buys Spider-Man game developer Insomniac Games
- Buyer
- Sony (Sony Interactive Entertainment) (Tokyo)
- Target
- Insomniac Games, Burbank, California
- Value
- ¥24.895B (about $229M), per Sony's February 2020 filing
- Status
- Announced on August 19, 2019; completed on November 15, 2019.
- Date
- 2019-08-19
Sony Interactive Entertainment agreed to buy Insomniac Games, the Burbank, California studio that made Marvel's Spider-Man for the PlayStation 4. No price was given at the announcement. A Sony filing in February 2020 later put the price at ¥24.895 billion, about $229 million.
Why it matters
The deal brought a long-time PlayStation partner in house and strengthened Sony's own lineup of exclusive games ahead of its next console.
Sources
Kakehashi M&A News home
