Sony Reportedly Acquiring Minority Stake in Publisher Devolver Digital
Sony Interactive Leisure is ready to make a minority funding in Devolver Digital, in keeping with current reviews. The Texas-based indie video games label has begun publicly buying and selling on the London Inventory Change, and is presently valued at virtually $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 broaden, says CEO Douglas Morin: “An IPO is the precise selection for us to make sure our continued development and help much more great video games,” he mentioned. “Being a public firm provides liquidity to our superb workforce, all of whom are shareholders. It additionally provides us entry to capital markets to proceed investing in our development 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 corporations have labored collectively earlier than, with timed console exclusivity offers such because the aforementioned Fall Guys.