Sony Paid $229 Million to Acquire Insomniac Games

Insomniac Games have been making games for over 20 years, most of which have been PlayStation exclusives. Last August the studio got acquired by Sony Interactive Entertainment, but now due to the paperwork, we now know the Ratchet and Clank developer got bought for $229 million USD (¥ 24,895 million)
Spider-Man swinging about in Marvel's Spider-Man (Source: Marvel/Sony)

(Image Source: Marvel/Sony)

Last August, it was reported that Sony bought Insomniac Games and now we have a number to report on how much was paid. In a filing to the US Securities and Exchange Commission, it reveals that the studio got paid, mostly in cash, with a total of $229 million or ¥ 24,895 million, since we are talking about Sony, a Japanese company. 

Founded in 1994 by now CEO Ted Price, Insomniac Games has made a name for itself, mostly by developing exclusives for PlayStation. The studio has created franchises like Spyro the Dragon, Resistance, and Ratchet and Clank. The latest hit from the developer came in 2018 from Marvel’s Spider-Man, which has sold approximately 13.2 million copies. It had branched away from Sony before with games like Sunset Overdrive, which launched initially as an Xbox One exclusive and eventually came to PC.

“Joining the WWS (Worldwide Studios) family gives Insomniac even greater opportunities to achieve our studio vision of making positive and lasting impressions on people’s lives,” Price said in a statement about the acquisition. “We’ve enjoyed a special relationship with PlayStation practically since our inception. Our partnership amplifies our potential, and Marvel’s Spider-Man was a testament to this. We’re excited to take the next step in our growth alongside our longtime WWS partners. Most of all, we look forward to delivering fresh, new experiences for our fans.”

Nothing is set in stone as of now for what’s to come next for the newly purchased studio. A new game is in the works, but we will have to wait for that. Rumors have circled that it will be a sequel to 2018’s Spider-Man, which could be likely along with the possibility of another installment of Ratchet and Clank since its reboot in 2016. Keep an eye out to see what’s coming in the next generation of PlayStation exclusives from Insomniac as the PS5 arrives this holiday season.

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