PlayStation has confirmed its intention to continue making more acquisitions following its recent wave of deals, primarily the company’s $ 3.6 billion acquisition of Destiny’s Bungie studio. PlayStation president Jim Ryan said during a recent investor Q&A session, translated by VGC, that Sony hasn’t finished digging into its pockets to buy other companies yet.
“In terms of the future [mergers & acquisitions] activities, the answer is that we’re by no means done with our strategy of trying to grow PlayStation Studios inorganically, “he said.” As we move from our historic game development strategy to a much broader market reach and much wider than what we enjoy today it is very likely that an inorganic stimulus will be needed to help us realize these dreams. “
In recent times PlayStation has conquered companies left and right. Over the past year, Sony has acquired studio Returnal Housemarque, PC port company Nixxes, developer of the remake of Demon’s Souls Blupoint, developer of The Playroom Firesprite, and Valkyrie Entertainment.
Sony is also acquiring Bungie and Haven Studios, Assassin’s Creed veteran Jade Raymond. Outside of the total acquisitions, Sony recently invested in Discord, Devolver Digital and Epic Games.
Ryan said of these moves: “The purpose of these investments is to increase our core strength at PlayStation Studios, but also to gain experience in areas of game development where we haven’t historically had a significant presence.”
For more information on Sony’s recent acquisitions, check out the story below:
“The planned partnership with Bungie is a prime example of the latter,” Ryan said, referring to Sony’s plans to strengthen its live service offerings. Sony plans to launch 10 new live games by 2026.
Ryan was recently called in for a reminder he sent to staff on abortion rights issues that included discussions about birthday parties for his cats.
For more information on Sony’s latest investor briefing, check out the stories below.