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Sony bought Insomniac Games for $229 million USD

Sony purchased Insomniac Games for $229 million USD, Sony’s latest financial report has disclosed.

“The consideration for this acquisition of 24,895 million yen (229 million U.S. dollars) was mainly paid in cash,” the report reads. “The amount may be adjusted by the end of fiscal year ending March 31, 2020, based on the final closing date financial statements of Insomniac Games. As a result of this acquisition, Insomniac Games has become a wholly-owned subsidiary of Sony.”

Sony purchased Insomniac back in August 2019, after the huge success that was the PS4’s Spider-Man.

“It feels more like a homecoming though,” Insomniac’s Ted Price said at the time. “We’ve collaborated with Sony for more than 20 years — spanning all four PlayStation consoles, 20 total games and six franchises. We still work closely today with many of the same Sony teammates as we did when we released the original Spyro the Dragon in 1998.”

It’s unclear what Insomniac Games’ next project will be.


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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.