Sony Interactive Entertainment acquires Insomniac Games
Seasoned development studio formally joins PlayStation brand
Sony Interactive Entertainment has announced its plan to acquire Insomniac Games, Inc. in its entirety.
Upon completion of the acquisition, Insomniac Games will join the global development operation of Sony Interactive Entertainment Worldwide Studios. Insomniac Games is the 14th studio to join the SIE WWS family.
Based in Burbank, California, and Durham, North Carolina, Insomniac Games is the studio behind many of PlayStation's most highly-successful franchises, including Spryo the Dragon, Ratchet & Clank, and Resistance. Most recently, Insomniac Games, in partnership with SIE and Marvel Games, launched Marvel's Spider-Man.
Financial terms of this transaction including the acquisition cost are not disclosed due to contractual commitments.