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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 of this very site and an active games journalist for close to fifteen years. He's a Canadian-Australian gay gaming geek, ice hockey player and fan. Husband to Matt and cat dad to Wally and Quinn.