
Sony Purchased Insomniac Games for $229 Million - News
by Craig S , posted on 10 February 2020 / 4,667 ViewsA filing made yesterday with the US Securities and Exchange Commission has revealed that Sony's acquisition of Insomniac Games last August cost the company ¥24,895 million, or $229 million.
The acquisition didn't come as a huge surprise, following in the wake of the massive success of PS4 exclusive Marvel's Spider-Man, which sold over 13 million copies in just one year. It caps off more than 20 years of collaboration between the two firms, most notably with the PlayStation-exclusive Ratchet & Clank series.
Insomniac Games' founder and CEO Ted Price said at the time that "joining the WWS family gives Insomniac even greater opportunities to achieve our studio vision of making positive and lasting impressions on people’s lives."
Thanks, GamesIndustry.
More Articles
Very good deal for both parties :)
Yes, but this will help to focus even more. I believe this is good for Insomniac because now their road ahead is clear and secured. And for Sony because they already have a great partnership with them. Win-win for both :)
They spent 200 million for a company to help them continue making PS exclusives.
A long as Sony continues to encourage creative freedom and independence, all will be good.
Basically Insomniac paid themselves with the profit they gave Sony with Spider-Man, smart acquisition by Sony and good money on the pocket of Insomniac owners, hope the employees themselves also got some good bonus on the deal.
Surprised Sony didn't buy Insonmiac years ago along with Naughty Dog.
Apparently Sony did try and have tried multiple times but Insomniac kept declining, because they wanted to stay independent. But I guess they knew they couldn't stay afloat without their sugar daddy.
Well Naughty Dog was bought like 20 years ago =p
Insomniac finally took note that every game they released that wasn’t PS exclusive turned to be a commercial failure, and they couldn’t maintain their studio size on their own for much longer.
Still a better love story than Twilight.
Why are they revealing what Sony paid to acquire them?! How much did MS pay to acquire Ninja Theory?
Sony isn't revealing, they are disclosing information probably demanded by SEC and some journalist got that info. I guess you could research there how much MS paid for each company.
I guess Sony won the war of attrition.
They’re not done yet.
I would have figured that the amount would have been higher, but I'm glad they are under the umbrella of a first party though.