Acquisitions News PlayStation PS5 Sony

PlayStation Boss Says Sony’s Acquisition Spree Is Not Finished

The head of Sony Interactive Entertainment has revealed that the console maker is still looking for possible acquisitions to encourage further growth with the company.

Speaking in a business briefing earlier today, Jim Ryan made it clear that despite snapping up a number of companies in the last year or so, Sony isn’t done with possible acquisitions.

We’ve been extremely active in the area of M&A and investment. 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. 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.

Related Content – Sony PS5 Complete Guide – Everything Explained On PlayStation 5 For New Users

Sony acquired a number of companies during the last financial year, including Housemarque, Nixxes Software, Firesprite, Bluepoint, and Valkyrie. In addition, the company is currently in the process of snapping up Haven Studios and Bungie.

[Source – VGC]