Replace: Sony’s funding in Devolver Digital has been made official. PlayStation tweeted just lately to say it is “honored to be an investor” within the writer:
This follows reviews earlier as we speak that the deal was on the playing cards following Devolver’s transfer to a publicly traded firm on the London Inventory Change. You may learn extra about that beneath.
Authentic Story: Sony Interactive Leisure is about to make a minority funding in Devolver Digital, in line with latest reviews. The Texas-based indie video games label has begun publicly buying and selling on the London Inventory Change, and is at the moment valued at nearly $1 billion.
According to GamesIndustry.biz, Sony will purchase a 5 per cent stake within the firm, which is now the biggest US-based firm on the London Inventory Change. That is all a part of Devolver’s plans to increase, says CEO Douglas Morin: “An IPO is the proper selection for us to make sure our continued progress and assist much more fantastic video games,” he mentioned. “Being a public firm provides liquidity to our superb staff, all of whom are shareholders. It additionally provides us entry to capital markets to proceed investing in our progress technique and expertise.”
So, PlayStation is now considerably invested within the success of Devolver. It is the writer behind many hit indie video games, together with Fall Guys, Hotline Miami, Enter the Gungeon, and lots of extra, together with the upcoming Death’s Door. Whereas not each recreation hits Sony’s platforms, the 2 firms have labored collectively earlier than, with timed console exclusivity offers such because the aforementioned Fall Guys.
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