Jim Ryan: PlayStation is 'Not at All Finished' With Acquisitions - News
by William D'Angelo , posted on 01 June 2022 / 3,250 Views
Sony Interactive Entertainment CEO Jim Ryan during a business briefing said that PlayStation will continue to grow inorganically, suggesting it will continue to acquire more studios.
"We’ve been extremely active in the area of M&A and investment," said Ryan and transcribed by VideoGamesChronicle.
"The purpose of these investments is to increase our core strength at PlayStation Studios, but also to acquire expertise in areas of game development where historically we have not had a significant presence. The planned Bungie partnership is a great example of the latter."
He added, "In terms of future M&A activity, the answer to that is we are not at all finished with our strategy of trying to grow PlayStation Studios inorganically."
"As we transition from our historic game development strategy to a much broader and much wider market reach than we enjoy today, it is very likely that inorganic stimulus will be required to help us to realize these dreams.
"And to the extent that potential targets fit with our strategy, to the extent that potential targets allow us to accelerate the way in which we are able to deliver on our strategy, we will certainly consider farther M&A activity to add to our business portfolio."
Ryan previously stated PlayStation is growing its "studios organically and we’re growing through acquisition. We acquired five studios during the course of 2021, we’re in discussions with Bungie and we have more planned."
PlayStation did have a job opening for a Corporate Development Director that will work with management to look for inorganic growth opportunities. Inorganic growth is described as acquisitions, investments and joint ventures in the job listing.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
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I've read this headline before, like 16 times, just swap out the words 'Playstation' for Microsoft/Xbox/Sony/2K etc. It's getting boring.
Quite obvious and repeat of the last time they were asked the same =p
Naturally Sony has only spent 55 percent of their acquisition budget so far.
Less than that, at their FY21 meeting, they announced they’re upping the original $18B to over $30B. Obviously that’s not all PS money, but safe to assume the majority of it is.
Years of low interest rates and recent high amounts of stimulus gave all these big companies and private equities way too much cash in an inflationary period where holding that cash is burning it so you may as well spend it on buying up all the competition.
My minds eye can already see Jim decked out in sparkling red shoes dancing while singing if I only had a heart as a intro to his power point presentation outlining a acquisition plan aimed at precuring a heart , brain and courage.
Eventually, all the major companies will merge into a giant corporation called iSintengoogeamsoft with the official business language of Esperanto.
We all know that more acquisitions are coming. Do we really need to keep seeing articles talking about it? Also, why is it a thing that gets asked all the time? We know they are going to purchase more companies.
Nobody's done with acquisitions, they'll all keep going.
