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Devolver Digital goes public, acquires three studios

And Sony reportedly has a 5% stake in the company too!

Devolver Digital went public late last week, at the same time announcing it had picked up three new internal studios.

“At first blush that can certainly sound like a departure from a group of friends starting a boutique game label, but really it’s a kind of validation for our team and our partners,” Devolver said in a post detailing its new status. “We’re insanely proud of what we’ve accomplished over the last decade, and we genuinely believe this will make us even better.”

Employees at Devolver, who each own a stake in the company, will remain its majority owner. That said, PlayStation owner Sony confirmed it had invested money into the newly listed company.

“Shoutout to our friends [Devolver Digital] on their public offering today,” PlayStation wrote in a tweet. “We’re honored to be an investor. Keep shining a light on those great indie games.”

Sony has reportedly acquired a 5% investment in Devolver.

Finally, Devolver also confirmed it had acquired three new studios: Dodge Roll (Enter the Gungeon), Nerial (Reigns, Card Shark) and FireFly Studios (Stronghold series). The new studios will join Devolver’s recent acquisition, Croteam (Serious Sam, The Talos Principle), in-house.


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Steve Wright

Steve's the owner and Editor-in-Chief of Stevivor.com, the country’s leading independent video games outlet. Steve arrived in Australia back in 2001 on what was meant to be a three-month working holiday before deciding to emigrate and, eventually, becoming a citizen.

Stevivor is a combination of ‘Steve’ and ‘Survivor’, which made more sense back in 2001 when Jeff Probst was up in Queensland. The site started as Steve’s travel blog before transitioning over into video games.

Aside from video games, Steve has interests in hockey and Star Trek, playing the former and helping to cover video games about the latter on TrekMovie.com. By day, Steve works as the communications manager of the peak body representing Victorians as they age.