Sony paid 208 million euros for Spider-Man developer Insomniac Games – Gaming – News

Sony acquired Insomniac Games last year for an amount of 24,895 billion yen, equivalent to 207.57 million euros. Sony has announced this in financial documents. Insomniac is particularly known for Marvel’s Spider-Man, released for PlayStation 4.

In addition to the acquisition amount, Sony’s shows document for the US Securities & Exchange Commission, or SEC, that the acquisition was completed on November 15. Sony announced in August last year that it wanted to take over Insomniac, but the acquisition amount was not announced at that time.

Sony bought the studio to be able to release exclusive game titles for the PlayStation. At the time of the announcement of the acquisition, Insomniac was the fourteenth internal studio of Sony Interactive Entertainment. In addition to Spider-Man, the studio made other PlayStation titles such as Ratchet & Clank, Resistance and Spyro the Dragon, but also Windows games.

Sony entered the studio with the PlayStation 5 coming. The company faces competition from the Xbox X Series from Microsoft, which also took over studios for exclusive titles. In addition, Google is working on several studios that make games for its Stadia service for game streams.

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